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Control No. Surplus Lines Statement (Form SL8) State of Connecticut Insurance Department (Rev. 07/2013) 1. Name and Address of Surplus Lines Broker Professional Program Insurance Brokerage, 371 Be

How to fill out surplus lines statement sl-8

How to fill out surplus lines statement sl-8

1. Step 1: Obtain a surplus lines statement sl-8 form from the appropriate regulatory authority or organization.
2. Step 2: Fill out the basic information section of the form, including your name, contact information, and the date.
3. Step 3: Provide details about the insurance transaction for which you are submitting the surplus lines statement sl-8. This may include the policy number, the insured party's name, and other relevant information.
4. Step 4: Indicate the type of coverage being provided and the risk classification.
5. Step 5: Provide the gross premium amount and indicate any state tax or stamping fee paid.
6. Step 6: Complete the affidavit section, making sure to sign and date it.
7. Step 7: Submit the completed surplus lines statement sl-8 form to the relevant regulatory authority or organization, along with any additional required documentation.
8. Step 8: Retain a copy of the filled-out form for your records.

Who needs surplus lines statement sl-8?

1. Insurance brokers or agents who are involved in surplus lines insurance transactions.
2. Insurance companies and individuals who are required by law or regulation to provide a surplus lines statement sl-8.
3. Businesses or individuals seeking coverage from non-admitted insurance carriers or for high-risk or unusual insurance needs.

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What is surplus lines statement sl-8?

Surplus lines statement sl-8 is a financial statement that must be filed by insurance companies operating in the surplus lines market.

Who is required to file surplus lines statement sl-8?

Insurance companies operating in the surplus lines market are required to file surplus lines statement sl-8.

How to fill out surplus lines statement sl-8?

Surplus lines statement sl-8 can be filled out online through the designated regulatory portal or by submitting a physical form with the required information.

What is the purpose of surplus lines statement sl-8?

The purpose of surplus lines statement sl-8 is to provide regulatory authorities with financial information about insurance companies operating in the surplus lines market.

What information must be reported on surplus lines statement sl-8?

Surplus lines statement sl-8 must include details about the company's revenues, expenses, assets, and liabilities related to surplus lines business.