WASHINGTON–Federal lawmakers, in a move to push through legislation for uniform regulation of the insurance industry, took an incremental approach today unveiling a bill that would affect only one industry segment.
Legislators in the House introduced a measure mandating that states establish a uniform system of regulation for surplus lines insurance products only.
The bill, the Nonadmitted and Reinsurance Reform Act, is an apparent first step in a new strategy by the insurance industry and House supporters of uniform insurance regulation.
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