July 8, 1999
BULLETIN #865
RE: Addendum to SLA Bulletin #852; California Eligibility and Filing Requirements for Surplus Line Insurers

It has been brought to our attention that the verification form attached to Exhibit C of the Filing Guide (SLA Bulletin #852) is not appropriate for the Market Conduct Information and the Regulatory Disclosure Statement.

This verification form allows a LESLI listed company to identify and to incorporate in its current filing any previously filed documents. As explained in the Filing Guide, beginning with the 1999 annual renewal, LESLI listed companies need not re-submit any previously filed document(s) in a current annual or update filing provided the information contained in those documents has not changed. To incorporate such previously filed document(s), an insurer may complete the verification form attached to Exhibit C and submit it with the current filing.

The California DOI has advised that the Market Conduct Information and Regulatory Disclosure Statement apply to a specific period and must be restated each year. The standardized Regulatory Disclosure Statement form has been incorporated into the form enclosed. However, due to the nature of the Market Conduct Information, the insurer must file information from the insurance regulatory office of the insurer’s domiciliary jurisdiction pertaining to the current filing year. If such a information is not available from the domiciliary jurisdiction, then the insurer must submit a verified statement describing its own record of claims payment and treatment of policyholders for the current filing period.

Please replace the verification form attached to Exhibit C of the Filing Guide (SLA Bulletin #852) with the form enclosed. We apologize for any inconvenience this may have caused your office. If you have any questions, please call me at (415) 434-4900 or Carol Fistler at (415) 538-4408.

Linda Cheng
Manager, Financial Department

Attachment (PDF format)