SLTX to Temporarily Reduce Lead Days for Accepting Filings
The Texas Department of Insurance (TDI) is currently reviewing the SLTX Board recommendation to reduce the stamping fee. While awaiting feedback and in an abundance of caution, SLTX will not accept any filing with an effective date of 01/01/2021 or later until feedback is received, or a new effective date is determined. This will allow SLTX to be proactive in applying the current stamping fee rates while not accepting transactions where a new rate might apply. To facilitate this change, SLTX will be reducing the number of lead-days allowed for making a future filing from 90 days to 45 days. During this time, any submitted transactions with an effective date later than 45 days (in advance) will be tagged (errored).
Once fee approval is received from TDI, SLTX will resume its acceptance of transactions with the standard lead-time of 90 days. At that time, any tagged (errored) transactions should be resubmitted for processing. Given the lead-time, SLTX does not expect that any late filings to be generated due to this change.
For additional information or if you need assistance, please contact the SLTX Tech Support team.