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Bulletin #16a Reminder: Domestic Surplus Line Insurers¹

General Bulletin #16a

REMINDER TO MEMBERS: DOMESTIC SURPLUS LINE INSURERS

There are now fourteen¹ Domestic Surplus Line Insurers that have been granted authority under Section 445a of the Illinois Insurance Code.  They are:

Remember when you are filing policies for these companies, all regular surplus line taxes and stamping fees still apply.  Also remember, for these companies, the Service of Suit requirement outlined in Section 445, paragraph 10 does not apply and, pursuant to Section 445, paragraph 10.5, you must use a different "Notice to Policyholder" stamp on the declarations page (in 12 point, boldface type) as follows:

NOTICE TO POLICYHOLDER: This contract is issued by a domestic surplus line insurer, as defined in Section 445a, pursuant to Section 445 and as such is not covered by the Illinois Insurance Guaranty Fund.

If you have any questions regarding Illinois Domestic Surplus Line Insurers, please refer to SLA General Bulletin 16-Revised or feel free to contact the Association office.

01-Oct-1998
Rev 01-Oct-2009

1. The information in this bulletin (list of domestic surplus line insurers) has been updated to reflect current information as of Oct 1, 2009.

2. Formerly American International Specialty Lines Ins Co.  Name changed effective November 1, 2009.