The Surplus Lines Stamping Office of Texas (SLTX) is reminding wholesale agents and brokers that the stamping fee for recording surplus lines insurance policies in Texas will be lower beginning on Jan. 1, 2021.
The stamping fee will drop from the current rate of 0.15% of gross premium to 0.075%.
Please keep in mind the Stamping Fee will decrease from the current rate of 0.15% of gross premium to 0.075%. The fee decrease will apply to policies effective on/after Jan.1. The new rate will also apply to policy date extensions if effective on or after this date.
Source: SLTX
Topics Trends Texas Excess Surplus
Was this article valuable?
Here are more articles you may enjoy.
Nationwide: Consumers Say Insurance Should Evolve for Micromobility Vehicles 
With Falling Private Re Prices, Should Florida Let Insurers Buy Less From the Cat Fund? 
Ex-CEO, Ex-CFO of Bankrupt AI Company Charged With Fraud 
Marsh Aims to Be ‘AI Winner’ by Focusing on Gains in Growth, Productivity, Efficiency 
