Bulletin #16a Reminder: Domestic Surplus Line Insurers1
General Bulletin #16a
REMINDER TO MEMBERS: DOMESTIC SURPLUS LINE INSURERS
There are now ten1 Domestic Surplus Line Insurers that
have been granted authority under Section 445a of the
Illinois Insurance Code. They are:
|
Company Name |
Effective Date of Domestic Surplus Line Insurer
Status |
| Mt.
Hawley Insurance Co |
Apr 21,
1999 |
| Noetic
Specialty Insurance Co |
Nov 7,
2001 |
| First
Mercury Insurance Co |
Jun 15,
2004 |
|
Illinois Union Insurance Co |
Aug 3,
2004 |
|
Columbia Casualty Co |
Jul 1,
2005 |
|
Argonaut Limited Risk Insurance Co |
Dec 31,
2005 |
|
Prime Insurance Co |
Jun 12,
2006 |
|
Discover Specialty Insurance Co |
Oct 1,
2006 |
|
ISMIE Indemnity Co |
Oct 3,
2006 |
|
American International Specialty Lines Ins Co |
Dec 28,
2007 |
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. The Division of Insurance has indicated that they want
the following "Notice to Policyholder" wording used (in 12 point,
boldface type) for Illinois Domestic Surplus Line Insurers:
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 16-Apr-2008
1. The information in this bulletin (list of domestic surplus line insurers) has been updated to reflect current information as of
Apr 16, 2008.
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