NU Online News Service, Sept. 12, 11:37 a.m. EDT
Regardless of which premium tax-sharing agreement is used to implement the federal surplus-lines reform law, it may not be around in the long run, says Richard Bouhan, executive director of the National Association of Professional Surplus Lines Offices (NAPSLO).
“I have my concerns,” he says. “A finite amount of money paid to participating states is accumulated and then redistributed. Some states will get more than they put in; some will get less.
Recommended For You
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:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© Touchpoint Markets, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more inforrmation visit Asset & Logo Licensing.