NU Online News Service, Jan. 12, 11:07 a.m.EST
WASHINGTON—Nebraska has dropped out of the NonadmittedInsurance Multistate Agreement, or NIMA, the compact for parcelingout surplus line premiums to the appropriate state supported by theNational Association of Insurance Commissioners.
In its decision to withdraw from NIMA,Nebraskacites conflictsbetween the period offered to surplus lines brokers and insuredsthat place nonadmitted insurance business to report such businessunder NIMA and the state's laws.
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