- (1) Pursuant to Subsection 31A-15-103(11)(d), the stamping fee for the examination of a surplus lines transaction is 0.18% of the policy premium payable.
(2) A late surplus lines stamping fee payment may be subject to late fees of:
- (a) 25% of the stamping fee due;
- (b) 1.5% per month from the time of default until the stamping fee is paid in full; and
- (c) a minimum of $10 if the amounts in Subsections (2)(a) and (2)(b) total less than $10.
- (3) A courtesy filing fee may not be included as a surplus lines premium when computing premium taxes and stamping fees.
KEY: insurance fee, taxes
Date of Last Change: March 16, 2022
Notice of Continuation: December 23, 2022
Authorizing, and Implemented or Interpreted Law: 31A-2-201; 31A-3-303; 31A-15-103