For Immediate Release:
December 13, 2023
Contact: Tiffany Andersen
Email: tandersen@slasclearinghouse.com
Phone: (877) 267-9855, option 1
Website: slasclearinghouse.com
Oklahoma Insurance Department Adopts SLAS for Reporting and Payment of Surplus Lines Premium Taxes
OKLAHOMA CITY – The Oklahoma Insurance Department is pleased to announce 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.
“We are excited to bring the innovation and usability of SLAS to the state of Oklahoma. We look forward to serving the Oklahoma surplus lines insurance community,” said Insurance Commissioner Glen Mulready.
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.
“We are excited for the opportunity to partner with the Oklahoma Insurance Department and expand our services and the SLAS platform to the surplus lines broker community of Oklahoma,” commented Mark Shealy, Florida Surplus Lines Office Executive Director.
For more information, please see Bulletin 12-2023 from the Oklahoma Insurance Department or contact the SLAS team at info@slasclearinghouse.com or (877) 267-9855, option 1.