Friday, January 24, 2014

Texas Data Call Includes Surplus Lines Insurers

Surplus lines insurers eligible to do business in Texas should have received notice early this month from the Insurance Commissioner requiring all insurers to report the number of policies in force in Texas as of December 31, 2013. Insurers have been required to report this information annually since 2006. The Surplus Lines Stamping Office of Texas (SLSOT) will continue to report policy count data on behalf of those insurers not desiring or able to self-report.

SLSOT issued a memo to each insurer eligible in Texas this week, along with its policy count information, based on data from SLSOT.  The memo notes each insurer will get a second run of its policies in March, to account for policies in force as of December 31 that agents reported to SLSOT office during January and February of this year.  If you have any questions regarding this requirement, contact the SLSOT directly at 800.449.6394.

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