FSLSO Announces New Requirements

The Florida Surplus Lines Service Office has issued a bulletin outlining new requirements for policy transactions associated with Lloyd's of London. The bulletin appears below:

FSLSO to Require UMR Number for Filings Associated with Lloyd's of London

After further discussions with Lloyd's representatives, FSLSO has determined the optimal data fields it will begin collecting in order to streamline its reconciliation process of agent data that is written through Lloyd's of London.

For policy transactions associated with Lloyd's of London/Underwriters at Lloyd's, FSLSO will require the Unique Market Reference (UMR) number to be filed in addition to the policy number. On some declaration pages, this number may also be referred to as "Authority Reference Number" or "Reference Number."

SLIP users will be required to enter this information at the transaction level for any Lloyd's associated policies beginning 9/01/2010. FTP Submit users will be required to modify their file format on the same date, as well as install an updated version of the FTP Submit Software.

Should you have questions, please visit FSLSO's FAQs at (http://www.fslso.com/faq?id=399) for more assistance in finding the UMR, as well as links to sample declarations pages.

The new agent batch format, which will be effective and required on 9/1/2010, is available at:
http://www.fslso.com/software/agt_formatv510.aspx

For questions relative to the Unique Market Reference (UMR) number, please call FSLSO's Agent and Insurer Services sections at 800.562.4496, extensions 1 and 2, respectively. For technical assistance with format changes, please call FSLSO's IT Department at 800.562.4496, ext. 3.