Reported premium in the Non-Admitted Insurance Multi-State Agreement (NIMA) exceeds more than $500 million in the year since the Surplus Lines Clearinghouse became operational a year ago, NIMA Inc. reported Tuesday.
Of the more than $531 million in premium reported to the Clearinghouse as of July 1, 2013, $281 million was directly allocated to the six participating member states and territories of NIMA. These include Florida, Louisiana, South Dakota, Utah, Wyoming and Puerto Rico.
Total non-NIMA state allocated premiums totaled $252 million. (Please see this reported breakdown for non-NIMA state premium allocation.)
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- All PropertyCasualty360.com news coverage, best practices, and in-depth analysis.
- Educational webcasts, resources from industry leaders, and informative newsletters.
- Other award-winning websites including BenefitsPRO.com and ThinkAdvisor.com.
Already have an account? Sign In
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
