Reversal of Business Not Required

• Numerous agents have been contacted by TDI regarding surplus lines business filed under individual licenses rather than the appropriate agency license. This issue is one of several discussed in the Agency Compliance Guidelines bulletin.
• TDI has concluded that filings must be made under the correct license going forward from January 1, 2008.
• Reversals of 2007 business filed previously with the Surplus Lines Stamping Office under an individual license number will not be required.
• Filing policies with the Stamping Office and the Annual Surplus Lines Insurance Tax Report to the Comptroller should be made under the same license number and name. If you filed with the Stamping Office using your individual license number/name, do not file your tax report under the agency license number/name.

Please refer to the Agency Compliance Guidelines bulletin for detailed information.

Please refer all tax questions to Karen Snyder at the Comptroller at (512) 463-4074 or Gary Johnson at (512) 463-4068. Questions on licensing or registration may be directed to TDI at either Agent Licensing (512) 322-3503 or Company Registration (512) 322-3535. For policy filing information, call SLTX at (512) 531-1880.