The Connecticut Insurance Department has issued a Bulletin announcing that several bulletins have been rescinded because they have become obsolete as a result of changes in legislation, regulation, or changes in Department procedures.
The Insurance Department noted that they have rescinded Bulletins EL-1 through EL-6 (Affidavits and Tax information) and Bulletins SL-15-96 through SL-15-99 (Exportable Lists).
The Bulletin also provides updated guidance to surplus lines brokers and insurers concerning compliance with affidavit, tax payment and other insurance requirements applicable to surplus lines insurers and brokers. Current information can be found on the Department’s website concerning:
• surplus lines applications and broker licensing fees
• surplus lines premium taxes
• the Exportable List for which coverages are believed to be generally unavailable from licensed insurers
• a listing of surplus lines insurers (the “White List”)
The Department also noted that surplus lines brokers must fully complete and file the affidavit form (Form SL-8) with the Department within 45 days after the policies have been procured.