Welcome to Compliance Dos & Don’ts, where experts share their licensing and compliance knowledge. Today, Angie Dyer, Tax Compliance Team Leader with Insurance Licensing Services of America, Inc. (ILSA) shares her dos and don’ts for surplus lines zero reporting. Her secret for success: Make sure you’re using the current forms and filing in a timely manner. Penalty fees for past-due filings can rack up quickly!
And if you only learn one thing from this podcast, let it be this: Just because you haven’t done surplus lines business in a state doesn’t mean you don’t have reporting obligations!