The Nonadmitted Insurance Multistate Agreement (NIMA), the surplus-lines revenue-sharing agreement supported by five states and Puerto Rico, began Phase 2 of its implementation schedule on Oct. 1.
NIMA began operation July 1. It is being run by the Florida Surplus Lines Office, with Tiffany Maruniak serving as the clearinghouse's manager.
Brokers are now able to submit data to the clearinghouse via the Surplus Lines Information Portal (SLIP). SLIP utilizes the Surplus Lines Automation Suite (SLAS) platform to collect policy data and calculate surplus-lines taxes and fees on behalf of the NIMA participating states.
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