NU Online News Service, Nov. 15, 3:48 p.m. EST

The battle with state insurance regulators over implementation of the surplus lines modernization law has begun as several insurance trade groups voiced strong objections to the National Association of Insurance Commissioners’ proposal.

In a letter sent today to the head of the NAIC task force crafting an interstate agreement, six trade groups said the model law proposal “continues, by contract,” the burdensome system Congress sought to eliminate through the new law.

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