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Introducing the

Learning
Center

SLA's new
online center for broker
education and broker license
renewal assistance.

SLA's new online center
for broker education and
broker license renewal assistance.

SLA's new online center for broker
education and broker license
renewal assistance.

Learn More

Introducing the

Learning
Center

SLA's new
online center for broker
education and broker license
renewal assistance.

SLA's new online center
for broker education and
broker license renewal assistance.

SLA's new online center for broker
education and broker license
renewal assistance.

Learn More

2020 Stamping Fee Increase Procedures

2020 Stamping Fee Adjustment 2020 Stamping Fee Adjustment

On June 11, 2019, the SLA issued Bulletin #1373 announcing an increase in the stamping fee. Below is a guide to help determine which stamping fee will be applied based on the effective date and transaction type beginning October 1, 2019.


NEW AND RENEWAL BUSINESS

All new and renewal policies with an effective date on or after January 1, 2020 will be assessed at the new stamping fee of .25%.


ENDORSEMENTS

Endorsements, installments, cancellations, certificates and audits will incur the stamping fee that was in effect at the inception of the policy. The stamping fee for extensions will be determined by the extension endorsement effective date.


NON-EXPIRING POLICIES

Endorsements and/or certificates with an effective date of January 1, 2020 that belong to an open-ended policy will incur the new stamping fee rate of .25%.

The following table illustrates how stamping fees will be applied in each scenario.


STAMPING FEE CHANGE EFFECTIVE JANUARY 1, 2020

*Please note that the stamping fee applied for endorsements /certificates belonging to an open-ended policy will be based on the endorsement/certificate effective date. Should you have any questions regarding the handling of stamping fees for open-ended policies, please contact the Data Analysis Department at 415-434-4900
Transaction Type Effective Date Calculated Stamping Fee
New January 1, 2020 or later 0.25%
Renewal January 1, 2020 or later 0.25%
Extension January 1, 2020 or later 0.25%
*Master Policy Certificates January 1, 2020 or later 0.25%
*Endorsement/Installment   based on rate at the inception of the policy
Cancellation   based on rate at the inception of the policy
Audit   based on rate at the inception of the policy