Summary
Only licensed, Illinois surplus line producers can be members of the Association — in fact they are automatically members when they get their surplus line license.
When you apply for your surplus line license, you will also need to download the SLAI Membership & EFS Registration Package. Follow instruction sheet in the Registration Package carefully.
For information about obtaining a surplus line license see our licensing information page.
Membership in the Association may be maintained in one of two ways.
- Individual Member
A surplus line licensee may join the Association as an Individual Member. Filings for an Individual Member are reported and billed under this individual licensee’s membership. Premiums and taxes will be shown on this individual licensee’s tax statements.
- Multi-Licensee Member
This is a convenience for firms that employ more than one surplus line licensee. The licensees are consolidated into a single membership and all policies filed are reported and billed on a consolidated basis. This can be very helpful when reconciling your books. One of the licensees is designated as the “tax licensee,” and all premiums are consolidated on that licensee’s tax statements. The remaining licensees’ tax statements show zero, but must still be signed and filed with the state at the appropriate times. The tax licensee exercises voting powers and all other membership powers for all of the licensees that are consolidated into the membership.
Membership in the Association begins on the effective date of your surplus line license and continues as long as your license remains valid.
- Current Home, Work & License Address and Company Affiliation
It is important that whenever there is a change in one of your addresses or company affiliation that the Association be informed immediately so that the Association may properly direct your tax forms and other pertinent information. - License and Membership Termination
If you determine that you are not going to renew your surplus line license or if you are surrendering your surplus line license voluntarily, you must write to the Association (and the Department of Insurance) indicating your intentions.