Oklahoma Insurance Department Adopts Surplus Lines Automation Suite

The Oklahoma Insurance Department announced the adoption of the Surplus Lines Automation Suite (SLAS) for the reporting and payment of all Oklahoma surplus lines premium taxes beginning January 1, 2024.

For all Oklahoma policies effective January 1, 2024, and after and all subsequent endorsements to those policies, Oklahoma surplus lines brokers will report policy information in SLAS SLIP. Surplus lines premium tax invoices will be available for payment in SLIP on a quarterly basis beginning April 1, 2024. Oklahoma surplus lines policies with an effective date before January 1, 2024, or endorsements on those policies will continue to be filed in OPTins until renewal.

New users to the SLAS Clearinghouse will need to register in SLIP prior to making their first filing. Filers that have already registered with the SLAS Clearinghouse to report South Dakota, Tennessee, or Wyoming policies do not need to register again.

In preparation for the January 1 implementation, the SLAS team will be conducting a training webinar on December 14, 2023, to familiarize brokers with the SLAS system as well as the filing and invoicing process. Additional training materials and a recording of the webinar will also be available at slasclearinghouse.com.

Source: Oklahoma Insurance Department

Topics Lawsuits InsurTech Excess Surplus Oklahoma