NU Online News Service, March 24, 2:05 p.m. EDT
Officials of the National Conference of Insurance Legislators are reiterating their support for comprehensive legislation they drafted as the proper vehicle for implementing the surplus-lines and reinsurance law enacted by Congress last year.
In a statement, Rep. George Keiser, R-N.D., says that as "debates rage on across the states about what compact should be enacted to implement the new law," he is "making clear" that NCOIL adopted and continues to support the Surplus Lines Insurance Multistate Compliance Compact (SLIMPACT) as the most appropriate policy response to the surplus-lines and reinsurance provisions of the Dodd-Frank Act.
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