Thank you for sharing!

Your article was successfully shared with the contacts you provided.

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.

The Nonadmitted and Reinsurance Reform Act (NRRA) mandates that, as of July 21, the insured’s home state is the only state with jurisdiction over multistate surplus-lines transactions and the only state that can require a tax be paid by the broker.

Want to continue reading?
Become a Free
PropertyCasualty360 Digital Reader.


  • 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?



Join PropertyCasualty360

Don’t miss crucial news and insights you need to make informed decisions for your P&C insurance business. Join PropertyCasualty360.com now!

  • Unlimited access to PropertyCasualty360.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including BenefitsPRO.com, ThinkAdvisor.com and Law.com
  • Exclusive discounts on PropertyCasualty360, National Underwriter, Claims and ALM events

Already have an account? Sign In Now
Join PropertyCasualty360

Copyright © 2022 ALM Global, LLC. All Rights Reserved.