I’ve already got some processes in place for collecting surplus lines policy information, fees, and taxes for my state. Why would I want to use SLIP and RAPID?
Augmenting your systems with SLIP and RAPID provides many benefits to existing operations. SLIP and RAPID efficiently automate some of the tasks performed by surplus lines regulators and/or stamping offices, as well as agents and insurers who have to submit regulatory information. SLIP and RAPID can reduce staff workload, eliminate manual or duplicate data entry, drastically reduce errors, and provide a thorough auditing process. SLIP and RAPID can increase the amount of fees and taxes collected by your office by enforcing full compliance and preventing unearned credits or refunds. In short, your operations run more efficiently, generate more accurate and comprehensive regulatory data, and collect all required fees and taxes.
