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Reporting and Taxation of Surplus Lines Policies Made Easy

System Features

SLAS is a comprehensive technology solution designed by and for the surplus lines industry.

The surplus lines automation suite is comprised of SLIP (Surplus Lines Information Portal) and RAPID (Regulatory Administration Platform for Insurance Data).

A web-based policy filing software
for agents.

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A web-based management system for regulatory and stamping office staff.

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A RAPID module that conducts periodic reviews of all licensees to ensure regulatory and financial compliance.

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A RAPID module that systematically compares agent/policyholder and insurer data and identifies variances in the premiums reported.

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SLIP is an online interface where agents and other filers submit policy data, supporting documents, and assessment payments. Filers can take advantage of the data stored in SLIP in the form of reports and other information queries.

Conversely, RAPID is designed for regulatory administration such as tax collection, policy information, and other required documentation. Regulators can then review SLIP data through the RAPID interface. RAPID also has a plethora of data analysis and reporting tools regulators can avail themselves of.

SLAS is completely customizable and can be integrated with many other management systems to automate numerous tasks.

  • E-Filing

    Agents file data electronically using simple, intuitive tools.

  • Revenue Generation

    Unsubmitted and under-reported premium is easily identified, ensuring accuracy.

  • Batch Filing

    Agencies easily submit large groups of policies in bulk.

  • Auditing

    Robust auditing tools for both agents and regulators.

  • Validation

    Data accuracy is validated by the system, saving valuable time for agents and regulators.

  • E-Payment

    Agents pay taxes directly to regulators through SLAS, reducing errors and paperwork.

  • Tax Calculation

    Taxes are automatically calculated based on policy effective date, applicable tax rate, and other parameters.

  • System Integration

    SLAS integrates seamlessly with other management systems to automate agent filings.