GA| Georgia Insurance Commissioner‘s Bulletin 25-EX-3 announces that, effective October 2025, the Florida Surplus Lines Service Office (FSLSO) SLIP team will begin conducting compliance reviews of Georgia-licensed surplus lines brokers on behalf of the Georgia Department of Insurance. This program aims to ensure compliance with policy filing and premium tax remittance requirements, while also providing educational feedback to brokers. Reviews can be conducted on-site or remotely, are scheduled periodically or by random selection, and focus on verifying proper documentation and statutory compliance.
Key Points:
- Reviews will check policy filing and tax remittance accuracy, and align broker records with Georgia surplus lines laws.
- The process involves advance notification, a preparation checklist, and requires records from the past three years.
- Findings are reported within 14 days, and significant non-compliance may be referred to the Georgia Office of Insurance and Safety Fire Commissioner for further action.