SURPLUS LINES FAQ - Delaware Insurance Commissioner

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20. What premium tax filings are required? 21. I see on the website that you have a quarterly and annual tax report summary. Which one does the state prefer? 22. Are premium tax returns required if a surplus lines broker does not write any business? 23. I see that Delaware requires both the individual and the agency to be licensed for surplus lines, but only the individual files tax returns. What does the agency have to file? 24. Where do I send my premium tax returns? 25. When are premium tax returns due? 26. Is a postmark date acceptable? 27. If I am submitting a zero report or have a refund request, and will not be attaching a check, do I still send my tax return to the lockbox address? 28. What should be attached to the premium tax report? 29. The tax form is asking for a SL Broker ID# and Agency ID#. What should I enter in these fields? 30. I am filling out a courier delivery slip and it requires a phone number. What number should I use? 31. Can the quarterly SL-1917 or the annual SL-1916 be completed online? 32. What penalties could be assessed in association with premium tax returns? 33. Can I request an extension of time for filing my tax return or payment of tax? 34. How do I request a refund if I have an overpayment? 35. How do I amend my premium tax return? 36. In Part 2 of the annual tax return we provide information about the State Support of Fire Companies, but the form says this is not a tax. Can you please tell me why we provide this information to you? 37. If we have a credit due in one quarter on return premiums, should we carry it over to the next quarter? For example, in the 2nd quarter we had a credit due to us, but in the 3rd quarter we owe tax. Should we apply the credit to the 3rd quarter amount and pay the difference, or should we pay the entire 3rd quarter amount and wait for the refund to come later? 38. We are normally a wholesaler and receive our business through a retail broker. We now have a case in which we are both the Retailer and the SL Broker. What forms are required and what do we have to file with the Department when we place this business? 39. Does Delaware have a “White List”? 40. I am looking at the Delaware listing of Eligible Surplus Lines Insurers, but the company I’m looking for is not on the list. What are my options?
41. I need to submit a filing on a policy that was placed with a carrier that is not on Delaware's Eligible Surplus Line Insurers List – it is actually on the list of “Ineligible” Insurers. How should I handle this? 42. Does Delaware allow “Courtesy Filings”? 43. Is direct procurement by an insured permissible in Delaware? 44. Is direct procurement allowed when a Surplus Lines Wholesaler or Retailer are involved in placement of the policy but not licensed in your State? 45. Does a wholesale broker need to be licensed for surplus lines in Delaware and make State filings? 46. If a surplus lines broker contacts a wholesale SL broker to obtain coverage, does the wholesale SL broker need to be licensed in DE? Who is responsible for making the filings with the State? QUESTIONS ABOUT FORMS 47. Who should file the SL-1905? 48. I am trying to complete the SL-1905 electronic form but the drop downs don’t work. Should I just print the form and enter it manually? 49. I cannot insert a signature on the SL-1905. Should I print it and send a signed copy? 50. Should I attach the SLB-A1 or the SLB-C1 to the quarterly 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? 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? 53. What are NAIC codes as shown on the SL-1905 – what do they mean? QUESTIONS ABOUT POLICY STAMPINGS 54. Is there wording that must be stamped on the policy? What is the wording? 55. Does Delaware have a stamping office or stamping fee? 56. May we stamp the policy/dec page/endorsement in our own office, or do you require us to send filings in to be stamped? 57. What gets stamped?
Page 1: Office of the Insurance Commissione
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Page 13 and 14: Check with the underwriter. If it i
Page 15 and 16: The check boxes serve as electronic

SURPLUS LINES FAQ - Delaware Insurance Commissioner

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