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By Arthur D. Postal, PropertyCasualty360.com |
January 12, 2012
Nebraska has dropped out of the Nonadmitted Insurance Multistate Agreement, or NIMA, the compact for parceling out surplus line premiums to the appropriate state supported by the National Association of Insurance Commissioners.
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By Arthur D. Postal, PropertyCasualty360.com |
August 23, 2011
In a further sign of support for a compromise proposal to implement the federal surplus-lines reform and modernization law, several appointees to the SLIMPACT governing body have selected Kentucky Commissioner Sharon Clark as interim chair of the SLIMPACT commission.
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By Arthur D. Postal, PropertyCasualty360.com |
August 11, 2011
The insurance industry is coalescing around a surplus-lines allocation formula proposed by Kentucky regulators as a means of breaking the impasse over implementation of the new federal surplus-lines reform and modernization law.
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By Arthur D. Postal, PropertyCasualty360.com |
July 22, 2011
Illinois has become the latest large state to adopt a regulation to implement the federal surplus lines reform and modernization law that doesn’t mandate it share revenues with other states.
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By Arthur D. Postal, PropertyCasualty360.com |
March 24, 2011
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.
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By Arthur D. Postal, PropertyCasualty360.com |
March 22, 2011
Kentucky, New Mexico and Ohio have become the first states to enact comprehensive legislation implementing the surplus lines and reinsurance reform and modernization law.
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By Arthur D. Postal, PropertyCasualty360.com |
January 26, 2011
Trade groups representing state legislators are asking Congress to extend for one year—until July 12, 2012—the effective date for state implementation of the surplus lines reform and modernization law.
