The North Carolina Surplus Lines Stamping Office

Annual Report 2017

History of the NCSLA

The North Carolina Surplus Lines

Association is a private non-profit

organization which was incorporated

on June 11, 1985 and began serving as

a regulatory support organization for

the North Carolina Department of

Insurance on July 31, 1985.

The NCSLA was established to

promote a stable excess and surplus

lines insurance market for policy

holders in North Carolina and to assist

the North Carolina Department of

Insurance with oversight of the

surplus lines market.

The association has facilitated

compliance by its members with

North Carolina insurance statutes

with means of communication,

educational support and document

review.

In 1985, the NCSLA had a

membership of less than 50 resident

licensees and has grown today to over

2400 members consisting of resident

and nonresident licensees, as well as

company associate members.

What We Do

The North Carolina Surplus Lines

Association serves the North Carolina

surplus lines industry on matters

concerning the surplus lines market in

North Carolina, as well as serving as a

facilitator between the surplus lines

licensees and regulators.

We perform networking, regulatory

and legislative activities at both the

state and national level on surplus

lines issues that may influence our

members. In addition, the NCSLA

serves as an industry representative

organization to the Wholesale

Specialty Insurance Association, as

well as the IIANC and PIANC.

The association holds an annual

membership meeting where industry

leaders and risk management majors

are invited to speak on topics that are

of educational value for our members.

We are also proud to support our

three universities that offer risk

management and insurance

concentrations with both student

scholarships and financial support for

London international studies

programs.

The North Carolina Surplus Lines Stamping Office promotes and permits the

orderly and fair access to surplus lines insurance markets for policyholders in

North Carolina by facilitating and encouraging the compliance of surplus lines

licensees with applicable laws, rules and regulations. We disseminate to surplus

lines licensees information related to new electronic filing procedures, coverage

modifications and changes that impact tax status. We work on a national and

local level to ensure that surplus lines laws evolve with the changing

marketplace. As part of our online filing service, we monitor all surplus lines taxes

in order to promote a level playing field and protect the state’s premium tax

revenue. Stamping Office Team

Steve Allen, CPCU, ASLI

Executive Director

Geoff Allen, ASLI

Director of Operations

Dave Brown, CPCU

Financial Consultant

David Liggett

General Counsel

Jamie Mayr

Compliance & HR Specialist

Heather Dewey

Compliance Specialist

Record Breaking Year in the Surplus Lines Markets

Top Premiums by Coverage Code SLIP 2017

Number of Registered Surplus Lines Licenses

Commercial Property $ 119,045,883.00

Commercial General Liability $ 90,214,315.00

Excess Commercial General Liability $ 50,513,438.00

Homeowners $ 31,569,146.00

Miscellaneous E&O $ 27,383,571.00

Commercial Liability $ 25,387,097.00

Pollution & Environmental Liability $ 23,477,207.00

Commercial Umbrella Liability $ 23,414,883.00

Commercial Multi-Peril $ 22,414,360.00

Cyber Liability $ 18,801,440.00

Surplus Lines

Licensees

2450

Surplus Lines

Business Entities

577

NCSLSO Committee

Danielle Wade, CPCU, CIC

• Chief Operating Officer

• Jackson Sumner & Associates

Josh Chappell, CPCU, ASLI, CAWC

• President

• Jennings Bryan-Chappell Insurance

Joe Hutelmyer

• Chief Underwriting Officer

• AmWINS Transportation

Matthew Letson

• President

• Hanover Excess & Surplus

Steve Allen, CPCU, ASLI

• Executive Director

• NCSLA

David Liggett

• General Counsel

• Ragsdale - Liggett

Geoff Allen, ASLI

• Director of Operations

• NCSLSO - Ex Officio

Fred Fuller

• Deputy Commissioner of Property & Casualty

• NCDOI - Ex Officio

Stewart Farris CIC, CRM

• President

• Farris Insurance Advisors - Ex Officio

NCSLA Board of Directors

President

• Stewart Farris, CIC, CRM

• Farris Insurance Advisors

Vice President

• Kasey Vaughn

• World Wide Facilities, LLC

Secretary

• Kathy McVaney

• AmWINS

Treasurer

• Adam Pierce

• Lawyers Insurance

Immediate Past President

• Lora Robbins

• All Risks, Ltd.

Director

• Ross Gravely, CPA, CGMA

• TAPCO

Director

• Dan Baughn, CPCU, ASLI, RPLU, CIC

• iSurity Special Risk

Director

• Rebeca Freeman

• Hull & Company

Director

• Geoffrey Crater, MBA, CPCU

• Hanover Excess & Surplus

General Counsel

• David Liggett

• Ragsdale Liggett, PLLC

Executive Director

• Steve Allen, CPCU, ASLI

• NCSLA

Director of Operations

• Geoff Allen, ASLI

• NCSLSO

NCSLA University Donations

Scholarships Granted in 2017

Dr. David Wood Scholarships

London Studies Scholarships

Risk Management Insurance Scholarships

NCSLA Association Memberships