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Although the Nonadmitted and Reinsurance Reform Act (NRRA) went into effect in July of last year, states are continuing to debate which, if any, tax-sharing option to adopt.

As a result, neither of the two competing compacts—NIMA (the Nonadmitted Insurance Multistate Agreement) and SLIMPACT (the Surplus Lines Insurance Multistate Compliance Compact)—has been implemented.

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