WASHINGTON–The National Association of Professional Surplus Lines Office, Ltd., said today that two congressmen had agreed to reintroduce legislation to reform and modernize surplus lines and reinsurance industry regulation, and they hope the Senate will follow suit.
NAPSLO officials said the bill, the Non-Admitted and Reinsurance Reform Act of 2009, would be introduced soon by Rep. Dennis Moore, D-Kan., and Rep Scott Garrett, R-N.J., hopefully before Congress leaves on a one-week President's Day recess later this week.
According to other industry officials, introduction has been delayed by the rush of work at the House Office of Legislative Counsel, which writes all legislation introduced in that body.
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.
