Transfer of Business

In order to complete a transfer of business, you must first decide which type of transfer is applicable (single policy transfer, multiple policy transfer or global transfer), then fill out the Transfer of Business form.

The agent assuming the book of business should also verify that the agency shown in SLIP+ is correct. If no selection has been made, please select an agency. If the Selected Agency field is blank, the transfer will fail. This information can be found in the Preferences section of the Settings tab (located under your username).

Please note: Relinquishing agents need to update their information on file in SLIP+ in the Settings tab (located under your username) in the User Manager section. If a SLIP+ transaction report is used for reconciliation purposes prior to the end of a quarter, the relinquishing agent will need to run the transaction report prior to the transfer date. Once the transfer has taken place, the transferred transactions will no longer appear on the relinquishing agent's transaction report.

Single Policy Transfer

When transferring an individual policy and associated transactions, the assuming agent and relinquishing agent are required to complete a FSLSO Transfer of Business form and email the form to FSLSO (agent.services@fslso.com).

A single policy transfer can also be initiated by a Broker of Record (BOR). In order to transfer a single policy initiated by a BOR and its associated transactions to the agent assuming the policy, an email along with a copy of the BOR must be sent to FSLSO. Upon verification, the transfer will be made.

Multiple Policy Transfer

Global Transfer

A global transfer is necessary when the relinquishing agent is no longer employed by the agency or has taken on a different role in the agency. When requesting a global transfer, the relinquishing agent and the assuming agent must email a Transfer of Business form to FSLSO (agent.services@fslso.com). For filing purposes, FSLSO will transfer three years of current filings to the assuming agent unless instructed otherwise.

Transfer of Business Form