NU Online News Service, Aug. 19, 1:48 p.m. EDT
SEATTLE–Recommendations to the states for the collection of surplus lines taxes from insurance regulators should be in place by the National Association of Insurance Commissioners' (NAIC) November meeting, said the chairman of the NAIC Surplus Lines Task Force.
Speaking at the NAIC's summer meeting here during the task force meeting on Monday, Louisiana Insurance Commissioner James J. Donelon said the working groups involved in developing the program are "expediting the tools in our box to collect taxes" that he believes "will work and serve us well." He added that the system the NAIC is developing will enable the collection and allocation of surplus lines taxes.
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