What is a Stamping Fee and why do I
have to pay it?
The Surplus Line Stamping Fee is charged on all surplus line insurance
transactions in the State of Illinois by authority of
445.1 of the Illinois Insurance Code (215 ILCS 5/445.1). This
fee helps fund the operations of the Surplus Line Association of
Illinois. The surplus
line producer is required by law to remit this fee to the Association on
all insurance contracts written under his or her license. The law also permits
the producer to collect this fee from the insured. For a definition of
surplus line insurance, click here.
The materials and information contained herein are only synopses of laws,
regulations and other information and do not constitute legal advice. It is
recommended that you consult your legal advisers regarding application of
state and federal laws and regulations to any particular situation. The
Surplus Line Association does not undertake and hereby disclaims any
obligation to advise you of any change to laws and
regulations or the procedures of the Surplus Line Association.