Instructions for Multi-State Policies

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Legislation was passed to allow Alabama to join the Surplus Lines Insurance Multi-State Compliance Compact (SLIMPACT). SLIMPACT does not yet have the ten member states which are required to establish a clearinghouse. Until SLIMPACT is operational, if Alabama is deemed the home state of a multi-state policy, 100% of the premium is taxed at the 6% Alabama surplus lines tax rate and 100% of the surplus lines tax should be remitted to Alabama.