Filed Under:Agent Broker, E&S/Specialty Business

NIMA Clearinghouse Set to Move Forward

Corrected 4/26, 4:31 p.m.

The clearinghouse that is the core of the Nonadmitted Insurance Multi-State Agreement (NIMA) tax-sharing compact is set to begin operation July 1, the 11 states and territories that comprise it announced this week.

However, an industry lawyer who specializes in issues related to the implementation of the Non-Admitted and Reinsurance Reform Act (NRRA) says he will believe it when he sees it.

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