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What is the amount of gross premium a surplus line broker should report if premiums are billed and payable in installments?

April 26, 2017broker gross installments line Payable Premium premiums report surplus

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What is the amount of gross premium a surplus line broker should report if premiums are billed and payable in installments?

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A. The amount of gross premium a surplus line broker must report if premiums are billed and payable in installments shall be the amount of the installment premium, provided the amount and due date of each installment, or the basis for determining each installment, is identifiable in the policy or an endorsement. Refer to the additional conditions as outlined in CIC Section 1774(d).