NU Online News Service, March 5, 11:49 a.m. EST
The longer the debate over the tax-sharing option within the Nonadmitted and Reinsurance Reform Act rages, the better off the surplus-lines industry is, say legislative-committee leaders of the National Association of Professional Surplus Lines Offices (NAPSLO).
At its midyear Leadership Forum in Scottsdale, Ariz., industry executives on the association's legislative committee updated membership on the NRRA, saying no tax-sharing agreement is better than a system without uniformity.
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