Pennsylvania Surplus Lines Association

Home | Board of Governors | Directions Contact | New! Electronic Filing at PSLA

Surplus Lines Law | Regulations | Bureau of Producer Services -General Information | Member Services | Sponsorship Information

*ALERT*

Be advised that the 2008 Licensing & Surplus Lines Laws book published by

The National Underwriter Company lists the Pennsylvania flat stamping fee rate incorrectly. As of

The correct stamping fee rate for Pennsylvania is a flat, annual non-refundable fee of $25.00 per filing. Should the filing be late (after 45 days) the stamping fee is $50.00 per filing. Please refer to our bulletin of October 26, 2007.

The National Underwriter Company has corrected this information for their online customer access.

In May of 1982, the Pennsylvania Surplus Lines Association (PSLA) was formed by a small group of surplus lines licensees. The surplus lines market provides insurance coverage for nonstandard or unique risks that do not fit the underwriting guidelines of insurers licensed to transact business in the market for standard or traditional insurance coverages. It was felt that, notwithstanding the fact that surplus lines placements represent a small portion of the overall market, this segment of the market is quite important and needed some meaningful representation.

Our formation set the stage to accomplish the following:

Promote the business interests of all duly licensed Surplus Lines Agencies, which, had never been done on any formal basis in the past
Become a link to national associations, especially The National Association of Professional Surplus Lines Offices (NAPSLO), and the American Association of Managing General Agents(AAMGA) to coordinate with the activity occurring on the national scale
Provide a means for advising and consulting with the Pennsylvania Insurance Department (PID) on matters relating to our Surplus Lines Law and its compliance, requirements and regulation
Coordinate with other insurance associations, regulatory agencies, the Pennsylvania Legislature, insurers and the public to promote and improve conditions and goodwill

By 1986, PSLA had developed a meaningful membership interest and in cooperation with the PID, was well underway with the development of a new, more up to date Surplus Lines Law. In addition, as a further service to our members, eligible surplus lines insurance carriers and the PID, PSLA began taking over the duties as sponsoring surplus lines licensee for the qualification and requalification process as required for a carrier’s ability to be placed and remain on the Department’s Eligible List of Surplus Lines Carriers.

By the end of 1992, our new, updated Surplus Lines Law was passed by the Pennsylvania Legislature and went into effect in April of 1993. Although there were a number of improvements within this new law, the main feature that involved PSLA was the option for the PID to allow for the creation of an advisory organization (also known as a stamping office).

By April of 1996, plans and contractual details were agreed to for PSLA to create a separate division to function as a stamping office to perform a variety of duties for and on the behalf of the PID. Actual stamping office operations began with production year 1997. Pennsylvania became the thirteenth state to adopt the stamping office concept to assist the PID in properly monitoring the surplus lines activity in this Commonwealth.

Today there are 15 stamping offices in operation that represent nearly 70% of the surplus lines production placed in the United States. As with all stamping offices, participation by all duly licensed Pennsylvania surplus lines licensees is mandatory by law. This participation is at no cost to the surplus lines licensee as the stamping fee is paid by the insured.

At the same time, PSLA offers formal membership in our association on a voluntary basis. The only requirement for full membership is to hold a valid surplus lines license and the payment of a nominal membership fee. Associate memberships are also available for unlicensed, but interested parties in the surplus lines market here in Pennsylvania.

As a surplus lines licensee, please consider your agency becoming a full member.

Mission Statement

To serve Pennsylvania’s insurance consumers through fair and efficient regulation of the insurance industry and to:

Facilitate and encourage compliance by its members with the laws of this Commonwealth and the rules and regulations of the department relative to surplus lines insurance.
Provide means for the examination, which shall remain confidential, of all surplus lines coverages written by its members to determine whether such coverages comply with such laws and regulations.
Communicate with organizations of admitted insurers with respect to the proper use of the surplus lines market.
Receive and disseminate to its members information relative to surplus lines insurance.

For more information regarding licensing and how to apply, click here. This link will take you to the Insurance Department website for License Applications.

Disclaimer: PSLA makes reasonable efforts to track laws and regulations of interest to its members on a current basis but does not warrant the accuracy of any version of laws, regulations, forms, or other legal materials posted on this website. This site is not intended to offer legal advice. You are encouraged to consult your attorney with respect to any questions you may have about applicable laws, regulations or forms.

Please Note: We are committed to preserving your privacy when you visit our site. Please review our Privacy Statement for full details.