With NRRA and the Economy on Their Minds, NAPSLO Members Prepare for Mid-Year Forum

The state of the economy and developments in states’ implementation of the federal excess and surplus lines reform law will be two topics on the minds of National Association of Professional Surplus Lines Offices (NAPSLO) members as they gather for the organization’s 2012 Mid-Year Leadership Forum.

Speaking to NU about the topics members will be discussing at the conference, slated for Feb. 29 to March 3 in Scottsdale, Ariz., NAPSLO Executive Director Brady Kelley says, “Leading any business through these economic conditions is top of mind, in my opinion. I’d expect that may be one of the topics discussed here.”

In an update sent to members on Jan. 25, NAPSLO notes that 44 states have taken action to implement the NRRA, but only nine states, representing 5.23 percent of nationwide premium, are working to implement the industry-supported SLIMPACT. That compact needs 10 member states in order to establish a tax clearinghouse.

Eleven states and Puerto Rico have signed the NIMA agreement, and 13 states have obtained legislative authority to enter into some form of tax sharing. The remaining 11 states that have taken action to implement the law have taken a home-state approach to regulation and taxation.

Featured Video

Most Recent Videos

Video Library ››

Top Story

15 tips for driving safely on ice and snow

More than 800 people die each year in the U.S. in vehicle crashes caused by snow, sleet and freezing rain.

Top Story

PIA's national president was born to insure

Robert W. Hansen Jr., a fourth-generation insurance professional, reflects on what drives him to keep selling after more than 30 years in the business.

More Resources

Comments

eNewsletter Sign Up

PropertyCasualty360 Daily eNews

Get P&C insurance news to stay ahead of the competition in one concise format - FREE. Sign Up Now!

Mobile Phone

Advertisement. Closing in 15 seconds.