As Congress moves toward the end of its 2015 session, and most state legislative sessions have concluded, NAPSLO continues to closely monitor a number of legislative issues that impact the surplus lines industry.
Keri Kish, NAPSLO director of government relations, says that NAPSLO continues to rely on its Regulatory Principles and Guiding Principles on Uniformity to direct the Association's advocacy efforts. "The Legislative Committee and the NAPSLO Board of Directors adopted these principles as a roadmap in regulatory and legislative work," Kish says. "Both documents help set priorities for our advocacy and monitoring of state and federal legislation."
Working with legislators and regulators to preserve the intent and mandates of the Nonadmitted and Reinsurance Reform Act (NRRA) continues to be an area of emphasis for NAPSLO. According to Scott Culler, NAPSLO legislative committee co-chair and regional president, Markel Wholesale, NAPSLO saw three major NRRA state uniformity victories this year. Kansas, Louisiana and North Dakota all passed legislation to implement the 100% home state taxation approach.
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