What must a surplus lines broker file with the state after placing a policy?

A surplus lines broker is required to file a surplus lines tax report and payment with the state after placing a policy to ensure compliance with state laws regarding surplus lines insurance. This filing is crucial because surplus lines insurance involves coverage that is not available through licensed insurers in the state; therefore, the broker must remit a tax on the premium collected to the state. This tax is a form of regulation that helps ensure that surplus lines brokers operate within the legal framework established for the industry and provides the state with revenue based on these placements. Failing to file the required tax report and payment could lead to regulatory repercussions for the broker and potential financial repercussions for the policyholder.