News

Stamping Fee Changes Coming!

Newsletter - Tuesday, December 6, 2016
by Missy Greenberg

Effective January 1, 2017 three states will be changing their Stamp Fee charges for Surplus Lines business:

Pennsylvania stamp fee is going to $20.00 one-time flat charge on policies effective on or after 1/1/2017.

New York stamp fee is going to 0.17% on all transactions where the policy is effective on or after 1/1/2017.

North Carolina will begin operation of the NC Surplus Lines Stamping Office and will institute a 0.4% stamp fee on all transactions where the policy is effective on or after 1/1/2017.

For details on each state's change please click on the links above.