Tuesday, November 03, 2009

California Stamping Fee to Increase in 2010

The Surplus Lines Association of California announced that the Executive Committee and Stamping Committee approved an increase in the stamping fee from .225% to .250% effective February 1, 2010.

All new policies, renewal policies, and extension endorsements with an effective date on or after February 1, 2010 will incur a stamping fee of .250%

The stamping fee for endorsements, audits, installments or cancellations (excluding extension endorsements) will be the same percentage as the inception date of the policy/certificate being endorsed.

If you have any questions please call Joy Erven, Director Stamping Office, at 415-434-4900 Ext. 105. You can also contact Pat McAuley, Data Processing Manager or Vienna Murray, Education Manager.

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