SURPLUS LINES FAQ - Delaware Insurance Commissioner

The check boxes serve as electronic signatures. The only time you need to print and manually
sign this form is if you keep a paper copy in your file or if you give it to the insured as proof of
insurance. But all that needs to be submitted to the Department is the Excel file with the boxes
checked.
50. Should I attach the SLB-A1 or the SLB-C1 to the quarterly tax reports?
Do not use the SLB-A1 or the SLB-C1 at all. These forms are no longer in use. Nothing (except
payment if applicable) should be attached to the tax reports.
51. If there is a premium bearing endorsement, should I use the SL-1905 form to show the changes to
the original policy?
Yes, another SL-1905 is needed. It will give all the information needed to associate the
endorsement with the original policy.
52. We are trying to fill out the SL-1905 Form and are having trouble with the NAIC Code and
description of coverage since our policies are blanket policies. What are we supposed to put in this field?
Since premium is not charged on Master Policies, how do we fill this form in correctly?
Report the policy within 30 days of the effective date with zero premiums. Please make a note
that it is a master policy. Then submit additional SL-1905 forms showing premium bearing
changes to the master policy as they occur. You may use “Other” for the NAIC code and
manually enter a brief description in the Description of Coverage field.
53. What are NAIC codes as shown on the SL-1905 – what do they mean?
These are the codes used in insurance company financial statements to identify lines of business.
The codes are used in compliance with NAIC (National Assn. of Insurance Commissioners)
standards. The data from this field on the SL-1905 helps the Department when it calculates the
amount of funding the volunteer fire departments will receive.
54. Is there wording that must be stamped on the policy? What is the wording?
Yes, Delaware law (§1909) is very specific regarding this requirement:
“Every insurance contract procured and delivered as surplus lines coverage pursuant to this law
shall have stamped upon it, initialed by or bearing the name of the surplus line broker who
procured it, the following:
‘This insurance contract is issued pursuant to the Delaware Insurance Laws by an insurer neither
licensed by nor under the jurisdiction of the Delaware Insurance Department.’”
55. Does Delaware have a stamping office or a stamping fee?
No, Delaware does not have a Stamping Office and does not charge a stamping fee at this time.