Posted January 22, 2025, New York (Excess Line Association of New York (ELANY), sent a reminder about the need to file a 2024 premium tax statement electronically on or before March 17, 2025.

All licensed excess line brokers must file a premium tax statement even if no business was placed under that license. For instructions on how to prepare for and complete an excess line premium tax statement, please view the ELANY educational video, please see the attachment for more information.

Our compliance experts are constantly searching for and analyzing industry updates. Their findings are then recorded in the Regulatory Updates section of the Compliance Library to explain how the update impacts the insurance industry. If a change impacts an AgentSync product, this will be highlighted to inform you that the product is being updated to ensure you remain in compliance.