Stamping Offices & SLAs

A number of states have surplus lines associations (SLA) and may be able to provide information on local issues. Some of the association offices are full-time offices, others have volunteer representatives. Click here to download a list of these associations.

Stamping offices are non-governmental offices that play a vital role in the surplus lines industry.  These organizations, which exist in 15 states, help oversee transactions in order to prevent ineligible insurers from transacting business in a given state’s surplus lines market.  They also play a role in evaluating eligible insurers for financial security.  Depending on the statutory authority and structure of a given stamping office, these evaluations may take a variety of forms. 

The 15 states with stamping offices are Arizona, California, Florida, Idaho, Illinois, Mississippi, Minnesota, Nevada, New York, North CarolinaOregon, Pennsylvania, Texas, Utah, and Washington. For more information on the process of a particular stamping office, please refer to their individual websites and relevant state statutes.  

Surplus lines insurers initiated this form of industry self-regulation to help facilitate compliance with the governing law and offer the public a greater level of protection.  This helped the industry become more efficient and accepted in the consumer environment while preserving the essential character of the industry. By having this intermediary office between firms and regulators, the industry avoids costly sanctions that would otherwise have been immediately levied by regulators. Today, roughly 80% of all surplus lines transactions are processed by stamping offices.


NAPSLO and the AAMGA developed a white paper, “The Excess and Surplus Lines Stamping Office: Contributing to a Stable, Efficient and Financially Strong Non-Admitted Marketplace,” examining the importance of stamping offices to the wholesale marketplace.  A copy is available for download
here.

Stamping Office Annual Statistical Reports

The Surplus Lines Stamping Office of Texas issues a bi-annual report of stamping office statistics. The report compares premium and filings received by the 14 stamping offices in the given time period.

2017 Q1 – Q2 Stamping Offices Report

Highlights from the report include:
  • Total surplus lines premium reported to the stamping offices was $14.3 billion through the first six months of 2017, representing a 6.6% increase over the $13.4 billion through the first six months of 2016.
  • Approximately 2.1 million filings were made with the stamping offices during the first half of 2017, up 10.96% from 2016.

The full report is available here.

2016 Q1 – Q4 Stamping Offices Report

Highlights from the report include:
  • Total surplus lines premium reported to the stamping offices was $25.9 billion for calendar year 2016, representing a 3.3% increase over the $25.0 billion in calendar year 2015.
  • Approximately 3.6 million filings were made with the stamping offices in 2016, up 3.1% from 2015.

The full report is available here.

2016 Q1 and Q2 Stamping Offices Report

Highlights from the report include:

  • Total surplus lines premium reported to the stamping offices was $13.1 billion through the first six months of 2016, representing a 0.2% increase over the $13.076 billion through June 2015.
  • Approximately 1.8 million filings were made with the stamping offices during the first half of 2016, down 0.3% from 2015.

The full report is available here.

2015 Q1 - Q4 Stamping Offices Report

Highlights from the report include:

  • Total surplus lines premium reported to the stamping offices was $25 billion for calendar year 2015, representing a 3.6% increase over the $24.2 billion in calendar year 2014.
  • Approximately 3.6 million filings were made with the stamping offices in 2015, up 6.4% from 2014.

The full report is available here.

2015 Q1 and Q2 Stamping Offices Report

Highlights from the report include: 
  • Total surplus lines premium reported to the stamping offices was nearly $13.1 billion through the first six months of 2015, representing a 9.5% increase over the $11.9 billion through June 2014.
  • Approximately 1.8 million filings were made with the stamping offices during the first half of 2015, up 5.3% from 2014.

The full report is available here

2014 Q1 – Q4 Stamping Offices Report

Highlights from the report include:
  • Total surplus lines premium reported to the stamping offices was nearly $24.2 billion in calendar year 2014, representing a 7.6% increase over the $22.5 billion in calendar year 2013.
  • Approximately 3.4 million filings were made with the stamping offices in 2014, up 6.9% from 2013.
  • Stamping offices have consistently reported growth in premium and filings over the last few years, which continues to be fairly representative of the total U.S. surplus lines market. 

The full report is available here

2014 Q1 and Q2 Stamping Offices Report

Highlights from the report include:

  • Total surplus lines premium reported to the stamping offices was nearly $11.9 billion in the first six months of 2014, representing a 4.8% increase over the $11.4 billion through June 2013.
  • Approximately 1.7 million fillings were made with the stamping offices during the first half of 2014, representing an overall 9.5% increase when compared to the same period in 2013.  

The full report is available here.

2013 Q1 - Q4 Stamping Offices Report

Highlights from the report include:

  • Total surplus lines premium reported to the stamping offices was nearly $22.5 billion, representing more than 3.1 million transactions. 

While the report indicates growth of 15.5% in total, it is heavily influenced by a large amount of prior years’ return premium transactions processed by New York in 2012. In 2012, New York processed a significant volume of return premium for policy years prior to 2012. Therefore, total 2012 New York premium was artificially low, making the percentage increase in New York premium comparing 2012 to 2013 artificially high. When excluding New York for this anomaly, the remaining stamping offices reported a 12.2% increase in 2013 premium compared to 2012.

The full report is available here

2013 Q1 and Q2 Stamping Offices Report

Highlights from the report include:  
  • While the report indicates growth of 21.2% in total, it is heavily influenced by a large amount of prior years’ return premium transactions processed by New York in 2012. When excluding New York for this anomaly, the remaining stamping offices reported a 15.1% increase in 2013 premium compared to prior year. 

The full report is available here

2012 Q1 - Q4 Stamping Offices Report

Highlights from the report include:

  • The report of calendar year 2012 to 2011 comparisons is also available illustrating a 0.9% increase in 2012 premium volume. 
  • When excluding New York and its 2012 return premium transaction anomaly, the remaining stamping offices reported an 11.8% increase in premium. 

The full report is available here