Compliance Resources

WSIA has created various state comparison charts as general resources to assist members as they navigate their way through compliance requirements around the country.  WSIA will add additional topics and issues to the library of resources on the Compliance Resources page, which currently includes comparison charts (available in both PDF and Excel) on the following topics:

Affiliated Groups

Identifies state guidance when determining the home state of affiliated groups to determine the state of jurisdiction for regulation and taxation of the surplus lines insurance policy. (Updated May 2018)
Affiliated Groups PDF 
Affiliated Groups Excel download

Carrier Eligibility

Identifies state requirements for determining the eligibility of domestic, foreign and alien nonadmitted insurance companies, including “white list” requirements and filing/renewal fees. (Updated August 2018)
Carrier Eligibility PDF
Carrier Eligibility Excel download

Diligent Effort

Identifies required procedures for performing a diligent search of the admitted market before a surplus lines broker may place insurance in the nonadmitted market and guidance on declinations, documenting the search effort and exceptions to the diligent search requirements including export lists. (Updated May 2018)
Diligent Effort PDF
Diligent Effort Excel download

Disclosures

Identifies mandatory state disclosure requirements for surplus lines policies including technical instructions, specific language and whether or not the disclosure requires notice of not guaranty fund coverage. (Updated October 2018)
Disclosures PDF
Disclosures Excel download

Export Lists

Identifies states that have developed, or are authorized to develop, surplus lines “export lists.” Export lists are developed by states allow for the export of a risk to the nonadmitted market, without performing a diligent search of the admitted market. Typically, risks are only included on export lists when they are readily determined to be unavailable in the admitted market. The chart also identifies state procedures and timing for amending and updating their export lists. (Updated August 2018)
Export Lists PDF
Export Lists Excel download

Tax Filing and Reporting Procedures

Indentifies dues dates for state surplus lines tax filings and reporting requirements, state tax rates and additional fees, links to instructions and forms, information about zero premium reporting requirements and information about the permissibility of courtesy filings. (Updated September 2018)
Tax Filing and Reporting Procedures PDF
Tax Filing and Reporting Procedures Excel download

Wholesale Fees

Identifies state guidance and restrictions regarding the ability of a wholesale insurance broker to charge fees in addition to the surplus lines premium, including state guidance related to broker, policy, inspection, service or any other fees as they pertain to the wholesale broker. The chart also includes guidance related to which fees are taxable. (Updated May 2018)
Wholesale Fees PDF
Wholesale Fees Excel download

Please note that these materials are intended to serve as reference tools and should not be relied upon as definitive source or as substitutes for your own thorough review of the applicable laws, regulations, rules, bulletins, or other materials published by relevant state or federal governments or agencies. These materials are also not a substitute for legal advice on the subject matter.

Additional Compliance Resources

WSIA provides links to important outside compliance resources that may be useful to members:

Any member with questions or in need of assistance with regulatory or compliance issues should contact Keri Kish, keri@wsia.org, or John Meetz, john@wsia.org.