WHEN DO I FILE AN ENDORSEMENT?

An amended report of coverage must be filed with the association for each cancellation and each endorsement which changes the named insured, the description or location of the subject of insurance, or the coverage, conditions, terms, premium or participating insurers. An endorsement must be filed within 30 days of receipt (of the policy change).

The fee for an endorsement is 1/2% (.005) of endorsement premium if effective date of originating policy is prior to Jan 01, 2007 or 1/4% (.0025) if effective date of originating policy is on or after Jan 01, 2007. There is no Stamping Fee on return premiums. Stamping Fees are fully earned and Not credited except for flat cancellation. Fees are invoiced monthly.