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).
Review
A RAPID module that conducts periodic reviews of all licensees to ensure regulatory and financial compliance.
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Reconciliation
A RAPID module that systematically compares agent/policyholder and insurer data and identifies variances in the premiums reported.
Learn MoreSLIP 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.
