The Surplus Line Association of Illinois issued General Bulletin #40
stating proposals, endorsements, and other documents which are incidental to
the insurance but which do not affect the premium charged are exempted from
filing and countersignature and brokers do not need to file zero premium
endorsements. The elimination of this requirement is appreciated and will ease
some regulatory burdens of the broker. However, it is important to note brokers
continue to be required to file zero premium semi-annual tax statements in Illinois at this time. As
previously outlined, NAPSLO strongly advocates for all states requiring
zero premium reports to eliminate that requirement.
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