OAPSLO Industry Resources

 

Federal Issues

Business Insurance – Excess & Surplus Lines news from Business Insurance

Excess & Surplus Lines Law in the United States – Annually updated manual available for purchase

WSIA Federal Issues Webpage

 

Industry Links

A.M. Best – Insurance company ratings and financial information

AIA –  The American Insurance Association

Big “I” News – Latest News from the Big I

III  – Insurance Information Institute

IIABA – Independent Insurance Agents and Brokers of America

NAIC – National Association of Insurance Commissioners

NCOIL – National Conference of Insurance Legislators

OIA – Ohio Insurance Agents Association

OII – Ohio Insurance Institute

PIA National – National Association of Professional Insurance Agents

SILA – Securities and Insurance Licensing Association

WSIA – Wholesale & Specialty Insurance Association

 

Frequently Asked Questions
Surplus lines tax exemption

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Taxability of Fees

The State of Ohio advised us that company fees are viewed just like premium and are taxable.   Broker fees, program manager and underwriting manager fees are not taxable.

How to Properly Complete the Affidavit

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Exempt Commercial Purchaser Regulations

Section 3905.331  of the Ohio Revised Code addresses this issue.

 

Corporate Surplus Lines Licenses in Ohio

The ODI Surplus Lines Licensing page covers this.

If commissions are paid to an individual, the individual must be surplus lines licensed and must file and pay taxes.

If commissions are paid to a business entity, the business entity must be surplus lines licensed and is responsible for all filings and taxes.

Courtesy Filings

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