IPC FAQs

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What is independently procured coverage?

It is insurance purchased directly from a non-admitted insurer by the policyholder, without the involvement of a licensed and appointed Florida insurance agent.
Who is responsible for reporting IPC policies?

The policyholder bears sole responsibility for reporting transaction details, paying all associated taxes and fees, and staying compliant under Florida Statute 626.938.
When must an IPC policy be reported?

All premium-bearing transactions must be reported to FSLSO in SLIP+ within 30 days of the transaction's effective date.
How are taxes and fees paid?

FSLSO generates quarterly invoices in SLIP+ covering all transactions filed during that quarter. Payments can be submitted electronically via ACH in SLIP+ or remitted by mail via physical check.
When are invoice payments due?
Payments must be remitted within 45 days of the end of the calendar quarter during which the policy transaction was filed. See the Billing, Payments, & Refunds page for further guidelines.
Can I file multistate risks through my IPC SLIP+ account?

Yes. SLIP+ accommodates multistate filings and automatically calculates taxes based on state allocation rules and statutory requirements.
Can I correct my filing?

Yes. Reported policies and transaction details can be edited directly within SLIP+. Refer to the Filing Procedures for IPC manual on the SLIP+ Help page for instructions.
What happens if my transaction receives a "Q" confirmation number?

A confirmation number starting with "Q" indicates a Transaction in Question (TIQ). This means the filing requires correction or administrative review before final acceptance. See the Filing Procedures for IPC manual on the SLIP+ Help page for resolution steps.
What if my insurer is not listed in SLIP+?

If your carrier is omitted from the Insurer dropdown menu, select OTHER SURPLUS LINES INSURER (NAIC# FSLSONAIC) to complete the submission. IPC policies must meet statutory reporting deadlines regardless of whether the insurer appears on the insurer dropdown field.
Where can I find additional resources?
Visit the SLIP+ Help page for user manuals and compliance tools. For direct assistance, contact Agent & Insurer Services at agent.services@fslso.com or 800.562.4496 (Option 1).