On Wednesday, the Surplus Line Association of Illinois announced the stamping
fee will increase from .1% to .2% for all policies effective January 1, 2015
and thereafter. If an endorsement is issued after January 1, 2015, the stamping
fee should be calculated at the rate in effect at the inception of the policy.
Therefore, for endorsements on policies issued prior to January 1, 2015, the
stamping fee should be calculated at .1% but endorsements on policies issued on
or after January 1, 2015, the fee should be calculated at .2%.
For additional information or questions, contact the Surplus Line Association of
Illinois.
