All premium-bearing policy transactions placed with a surplus lines insurer, taxable or non-taxable, must be electronically submitted to FSLSO via SLIP or XML Batch within 30 days of the transaction’s effective date. 

The 30-day countdown begins on the transaction’s effective date (the effective date is considered day one). For example, a policy with an effective date of December 1 would need to be filed no later than December 30. 

Our goal is not only to educate our member agents but also to educate our members’ staff. It’s important that you share information from FSLSO with staff members responsible for your surplus lines filings. A well-informed staffer can be instrumental in ensuring that you are complying with Florida law and your license stays in good standing.  

To ensure that your staff is aware of changes affecting surplus lines filings, provide them with copies of the  

• Agent Procedures Manual, 
• Advisor newsletters, and 
• Weekly Wire. 

We would like to share the following insurer updates with you: 

• Southern Vanguard Insurance Company (NAIC# 10925) was recently approved by the Florida Office of Insurance Regulation as Florida Eligible. 

• AM Specialty Insurance Company (NAIC# 17091) was recently approved by the Florida Office of Insurance Regulation to be listed in Florida as an Active Federally Authorized Surplus Lines Carrier.  

Reviewing previous editions of the Weekly Wire can be helpful when trying to find a relevant entry, due date, or contact information. Thankfully, there’s a better way than scrolling through your email inbox. For your convenience, previous editions of the Weekly Wire are stored on the Newsletters page of FSLSO.com.   

The Newsletters page also houses previous editions of the Advisor, our quarterly newsletter filled with agent news. Want to subscribe? You can do that from the Newsletters page too.  

NCOIL Meeting Breaks Attendance Record

The National Council of Insurance Legislators (NCOIL) held its 2022 Annual National Meeting from November 16-19 in New Orleans.  

Skyward Specialty Insurance Group to Partner with Gradient AI

Specialty P&C insurance company Skyward Specialty Insurance Group has announced a partnership with Gradient AI to leverage the latter’s artificial intelligence technology to power the former’s stop-loss solution, SkyVantage  

Is Social Engineering the Next Big Cyber Risk? 

While ransomware attacks continue to dominate headlines, another type of cyber risk is on the rise: social engineering.  

E&S Market “a Tool Not a Punishment” 

The excess and surplus (E&S) marketplace “should be viewed as a tool, not a punishment” for high-net-worth (HNW) or private clients who have exhausted their solutions in the admitted marketplace, according to Chris Martens, VP and business development executive at Marsh Private Client Services.