What should be included when filing with the director semi-annually?

When filing semi-annually with the director, it is important to include a comprehensive set of documents and information to ensure compliance with regulations. This includes a sworn statement of charges for insurance procured or placed, which provides a record of the business conducted within that period. It is crucial for maintaining transparency and accountability in the surplus lines market.

Additionally, reporting the amounts returned on insurance that has been cancelled is necessary. This reflects any adjustments made to the policyholder’s coverage and helps maintain accurate financial records.

Including the tax premium of 2% along with a 0.5% Regulatory Fee is also essential, as these amounts are part of the financial obligations imposed on surplus lines producers. Collectively, all of these elements contribute to a complete and accurate filing, ensuring that the surplus lines operations are conducted in accordance with state laws.

Overall, including all these components—sworn statements, cancellation amounts, and tax obligations—provides a thorough overview of the surplus lines business and meets the regulatory requirements laid out by the director.