Who is responsible for filing an Appendix 1 form?

The responsibility for filing an Appendix 1 form falls on both resident and non-resident surplus lines producers because this regulation is designed to ensure that all surplus lines insurance transactions are reported accurately, regardless of where the producer is licensed.

In Missouri, surplus lines producers are required to maintain compliance with state regulations, including the submission of necessary forms such as Appendix 1, which details the placement of surplus lines coverage. This inclusive approach allows for a consistent regulatory framework that applies to all producers who engage in surplus lines transactions, ensuring that the information provided is complete and accountable, facilitating transparency in the surplus lines market.

This obligation helps maintain a well-regulated insurance environment, facilitates market oversight, and ensures that consumers are protected, thereby emphasizing the importance of accountability for both resident and non-resident producers in the context of surplus lines insurance.