Alabama has become the seventh state to adopt the “SLIP+ for States” reporting and payment platform for surplus lines data and taxes, starting in 2025.
Surplus lines brokers who already have a SLIP+ login do not need to register for a new account, but others should register soon and begin filing by Jan. 1, the Alabama Department of Insurance said in a bulletin.
The platform, also known as the Surplus Lines Information Portal, was developed by the Florida Surplus Lines Service Office to improve transparency and efficiency for brokers and regulators, FSLSO has said. Besides Alabama, its use is now required in Colorado, Montana, Oklahoma, South Dakota, Tennessee and Wyoming.
Alabama transactions reported through SLIP+ will be charged the 6% surplus line tax and a fee of 0.175% of total gross premium to cover the SLIP+ transaction fee, ALDOI explained.
All taxes and fees should be paid throught the ACH debit function in the platform, the department said. Endorsements on policies effective prior to Jan.1, 2026, shall continue to be reported using the legacy platform.
Questions can be sent via email to info@slipplus.com; or by calling (877) 267- 9855, option 1; or by visiting the website, Questions may also be sent to the Department of Insurance at surpluslines@insurance.alabama.gov. More information will be provided before the Jan. 1 deadline, ALDOI noted.
Topics
Excess Surplus
Alabama
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