Upcoming SLIP Release Includes New Filing Requirements and Enhancements
In the next week, FSLSO will release new requirements and several enhanced features to its Agent Surplus Lines Information Portal (SLIP). These changes will include the addition of two new fields: 1) the Unique Market Reference (UMR) number and 2) the Issue Date of the policy. Furthermore, the newest release includes the addition of new radio buttons pertaining to transactions filed 30 days past the effective date along with other features geared to improving SLIP's usability.
The Unique Market Reference (UMR) Number:
The addition of the UMR number will only be applicable to policies written with Lloyd's Underwriters at, London. The UMR is a mandatory number that is unique and must be used on all Lloyd’s risks. This number will always begin with a "B" and will be followed by a four-digit Lloyd's Broker number. After the Broker number, alphanumeric characters must be provided up to a maximum of 12 characters. For more information regarding the UMR including how to recognize it, where it comes from and why it is applicable, please visit the Frequently Asked Questions at: http://www.fslso.com/faq/index.aspx?id=399. Again, this field will only be required for agents that have filed transactions with Lloyd's of London.
Issue Date Field:
With this newest SLIP release, users will need to provide the date of a policy's issuance in a new field titled "Issue Date" in the Transaction Details section. The issue date is the date the policy was issued or prepared by the insurer or agent on behalf of the insurer. For those not familiar with the issue date, it can be found on a policy's declaration page in most cases, and is generally equal to or later than the policy's effective date.
Late Filing Reasons:
Additionally, FSLSO has included new radio buttons that will appear if a transaction is being entered 30 days past the effective date. These new buttons are as follows:
* Retroactive Policy Date
* Audit Policy
* Flat Cancellation with Rewrite
* Company Issue Date
* Other Reason
* No Reason/Late Filing
For definitions of each of these new buttons, please visit:
One of the above reasons must be selected anytime a filing is late.
Other Enhancements and Training:
In addition to the new fields and buttons above, the newest SLIP release offers enhancements that include:
- The ability to add insurers on the transaction level;
- The ability to request electronic billing for the billing contact on the settings page;
- A quick link on the SLIP homepage to complete a Quarterly Affidavit filing;
- And much more!
FSLSO will be hosting a series of webinars that will provide further details regarding the changes and enhancements listed above. For a list of upcoming webinar opportunities, please visit:
Should you have further questions or require assistance, please feel free to contact FSLSO at 800.562.4496 x 1.