Monday, January 04, 2010

California Stamping Fee to Increase Feb. 1

The Surplus Lines Association of California Executive Committee and the 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.

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