Regulatory Updates

Effective October 10, 2025, South Dakota will update the non resident renewal retaliatory fees for the following states: Delaware and Nebraska. The updated fees will be applied to applicants who expire after December 31, 2025. 

Update: September 24, 2025. This update has been pushed back to the effective date of October 13, 2025.

Effective October 10, 2025, Wisconsin will update its existing Lines of Authority to align more closely with national standards. From October 09, 2025, at 4:00 PM Central Standard Time, to October 10, 2025, at 12:00 PM Central Standard Time, electronic applications will be closed for Wisconsin.

Effective January 1, 2026, Montana will adopt the SLIP+ for States platform for reporting Montana Surplus Lines policies, endorsements, and payment of Montana Surplus Lines premium taxes. Please see the attachment for more information. 

On September 5, 2025, the Staff of the Division of Trading and Markets of the U.S. Securities and Exchange Commission (SEC) granted no-action relief to FINRA to permit the CRD records of Form U4 to satisfy the Securities Exchange Act rule of 17a-4 records retention requirement. Please see the attachment for more information.

Effective September 23, 2025, California is rolling out a new feature integration with DocuSign for completing the Diligent Search Report (SL-2 form).  The Surplus Line Association of California is hosting a webinar with a live demo on how the feature works. 

Please see the attachment for more information.

Posted September 9, 2025, the Florida Surplus Lines Service Office (FSLSO) posted September’s edition of The Wire. Highlights include: - SLIP+ will be releasing a multi-factor authentication (MFA) option for users - Wet Marine, transportation, and aviation policies are required to be filed in FSLSO SLIP+ - The department also includes answers to FAQ’s regarding penalties on invoices and billing reports

Please see the attachment for more information. 

Effective October 10, 2025, a new electronic application will be implemented for Puerto Rico to process Designated Responsible Licensed Producer updates.

Effective October 10, 2025, Puerto Rico will implement a new transaction type to process Primary Name Change (Demographics) updates. 

Posted September 2, 2025,  Alabama posted an update to a bulletin posted March 3, 2025, around Alabama not accepting or processing new filings for registration or licensing of captive insurance companies and risk retention groups.  After consideration, the moratorium will last until June 30, 2026. Interested captive insurance companies, risk retention groups, or captive managers acting on behalf of captive insurance companies or risk retention groups are requested not to submit application packages or fee payments for applications during the moratorium period. Please see the attachment for more information.

Posted September 5, 2025, the Florida Surplus Lines Service Office (FSLSO) posted a newsletter with highlights including: Upcoming Premium Report Deadline -The Foreign Insurer Q2-2025 reports are due on September 30th. Any surplus lines insurer that fails to file a report within the time required may be fined up to $500 per day.  Foreign insurers are required to file on a quarterly basis and alien insurers are required to file on an annual basis. You can log in and submit transactions in FSLSO SLIP+ at any time. Please see the attachment for more information.