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Welcome to Compliance Dos & Don’ts, where experts share their licensing and compliance knowledge.  Today, ILSA Surplus Lines Supervisor Sherry Groves shares her dos and don’ts for surplus lines zero reporting.  Her secret for success: know the zero reporting requirements for each state where you are licensed.  Requirements vary widely, as do penalties for non-compliance.

And if you only learn one thing from this podcast, let it be this: Once you’re licensed for surplus lines, you may have compliance obligations – even if you haven’t transacted business.