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ATTN: Online Filers

In compliance with new rule changes, SLTX must now capture policy limits on policies effective on or after 12/30/2018. You must provide the highest aggregate limit.

Property Policies – Total Insurable Value (TIV) for all properties on the policy (both in and outside of the state)
Liability Policies – Aggregate Limit
Package Policies (property & liability) – TIV for all properties on the policy (both in and outside of the state)
Other – Accident & Health – Maximum Benefit, aka Total Sum (excluding occupational A&H, which are not required to report)

While only (1) loss limit per policy is still required, regardless of policy type, it does require agent staff to be observant of “property TIV, in/outside the state.”

To expedite the collection of this data, SLTX has updated its Online Filing System to include a Policy Limit field. This field is available for all new and renewal policies, binders, and policy replacing binders.

While submission through SLTX’s Online Filing System is preferred, policy limits may still be submitted through the Upload Policy Limits page within SMART.