A NY retail producer cannot place a hard-to-place trucking risk with any NY-admitted carrier. He routes the placement through a licensed excess line broker to a non-admitted surplus lines insurer. Which entity must affix its stamp on the policy under NY law?

Why this is the answer

NY Ins. Law § 2118 governs surplus-line placements. A retail producer must route the risk to a licensed excess line broker, who confirms a diligent-search effort to find an admitted carrier failed, places the policy with an eligible non-admitted surplus lines insurer, and files the policy with ELANY. ELANY (Excess Line Association of New York) is the statutorily-designated stamping office that verifies broker compliance, calculates the surplus lines tax, and stamps the policy. NYPIUA is the FAIR Plan for property; NYSIF is the WC fund — neither stamps surplus lines.