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Montana Surplus Lines Agents' Association

 

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IMPORTANT ANNOUNCEMENT:

Montana Insurance Department Takes Back Surplus Lines Stamping Office Operations

 Many of you are aware of the fact that the Montana Surplus Lines Agent’s Association has been responsible for the operation of the Surplus Lines Stamping Office.  In fact, MSLAA has served as the designated Surplus Lines Advisory Authority for the last 19 years. 

The Department of Insurance has made the decision to take over the operations of the Stamping Office on July 1, 2009.  See letter sent to all surplus lines producers by the DOI.

The Department notified MSLAA as to their intention to bring the Stamping Office Operations in house in April 2009 and since that time the MSLAA Board, Public Risk Insurance Management (PRIM) representatives and legal counsel have been in negotiations with the Department regarding this transition.  Attempts were made to reach an agreement that would allow for a transition that would run through the end of the year; however, in spite of our mutual efforts we could not reach an acceptable agreement.

As you may be aware, MSLAA contracted with PRIM to provide the Stamping Office services.  As a result of this action by the Department of Insurance, the contract for services between MSLAA and PRIM will be terminated.  It is important to note that MSLAA will continue as a non-profit organization with the mission to serve surplus lines producers.  MSLAA remains a resource to surplus lines producers in regards to the surplus lines segment of the insurance industry; however, we simply will not be handling the Stamping Office operations for the State of Montana.  As of July 1, 2009 all questions and inquiries regarding surplus lines submissions should be directed to the Insurance Department 406-444-2040.

If you have any questions, please feel free to contact Bob Biskupiak or Jacalyn Grenfell at the association office.  We wish the Insurance Department the best of luck in this endeavor.

 

 

Montana Surplus Lines Agents’ Association

3131 Dredge Drive    Helena, MT 59602   Phone: 406-443-7324  Fax: 406-442-8263
mslaa@iiamt.org