Surplus Lines Tax Filings & Reporting Services

Placing a surplus lines policy comes with the added administrative burden of surplus lines tax filing. With 53 jurisdictions, each with different, often complex and ever-changing requirements, surplus lines tax filing is a common source of headaches for surplus lines brokers. As part of its suite of compliance services, ACCEL Compliance has developed purpose-built processes and software to take that headache off your plate.

And with a team of insurance regulatory specialists unmatched in the industry, ACCEL offers worry-free surplus lines tax filings and keeps current on changing state requirements so you never have to.

Efficient, Accurate & Timely Tax Filings

You simply forward new surplus lines policy data or documents to ACCEL. From there, our team and system identify any errors or gaps and notify you so you can provide supplemental data. After all the data is confirmed, we prepare and make the tax filing for you.

We even track jurisdictions that require “zero-filings” and handle them for you too. Once a filing is complete, our easy-to-use reporting tools and online dashboard provide 24/7 visibility to policy and licensing details and filing history.

YOU CHOOSE YOUR LEVEL OF SERVICE

Full-Service

Full-Service Offering

With ACCEL Compliance’s Full-Service surplus lines tax filing service, all you need to do is bind a policy and:

  • YOU send PDFs of the policy and customer invoice to ACCEL.
  • ACCEL pulls data from your documents, reviews data for completeness and accuracy and follows-up with you for clarification or to fill gaps
  • ACCEL enters the data into our Surplus Lines system
  • ACCEL make filing(s) with the state(s), including tax payment(s).

Hybrid Option

Hybrid Offering

With ACCEL Compliance’s Hybrid surplus lines tax filing service, you bind policies and:

  • YOU enter relevant data into a custom spreadsheet provided by ACCEL.
  • When you submit that spreadsheet to ACCEL:
    • ACCEL uploads the data into our Surplus Lines system.
    • ACCEL reviews data for completeness and accuracy (and follow-up with you for clarification or to fill gaps)
    • ACCEL make filing(s) with the state(s), including tax payment(s).

Self-Service

Self-Service Offering

With ACCEL Compliance’s Self-Service surplus lines tax filing system, you bind policies and:

  • YOU enter relevant data into a custom spreadsheet provided by ACCEL.
  • YOU upload the spreadsheet into ACCEL’s Surplus Lines system.
  • YOU review your data for completeness and accuracy (and follow-up with you for clarification or to fill gaps)
  • Once complete, you instruct the ACCEL system to make the filings and payments.
  • ACCEL takes care of the rest.

Benefits of Outsourced Tax Filings

  • Eliminate hassle of tax filings and ensure compliance while improving reporting visibility
  • Ensure filing timeliness and accuracy
  • Instant access to a team with 20+ years of surplus lines compliance experience
  • Efficiency and visibility powered by robust, state-of-the-art technology
  • Significantly reduce tax filing manpower
  • Readily respond to regulators with friendly reporting tools
  • Centralized repositories of all filings for audit and review purposes
  • Confidence your regulatory obligations are being satisfied

Built on ACCEL’s Proprietary Tax Filing & Reporting System

  • Simplified access to your tax filings actions and history
  • Enables efficient transfer of policy data, minimizing human intervention
  • Jurisdiction-specific requirements and workflows regularly monitored and refreshed
  • Automated notifications and friendly reminders when your input is needed
  • Storehouse of your critical licensing and policy data with powerful reporting tools
  • Powered by the ultra-secure Microsoft Azure Cloud

ACCEL would love to hear from you.

Please complete and submit the form and we’ll be in touch soon!