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The SL-2 form gives information about the coverage being placed and also details your efforts to place the risk with an admitted (licensed) California insurer. No binder will be issued. A notice will be sent to you asking you to submit completed and signed forms within 5 days.
Surplus lines tax: 4% payable by broker. State of Connecticut, its agencies and municipalities, are tax exempt.
The Surplus Lines Deduction allows taxpayers to deduct from their premiums \u201csums collected to cover federal and other state taxes and examination fees\u201d when calculating the premium amount subject to the tax.
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