With an eye toward jump-starting national momentum for reform, a North Dakota committee became the country’s first legislative body to approve a Surplus Lines Insurance Multistate Compliance Compact (SLIMPACT) this month, with Kentucky close behind.
With an eye towards jump-starting national momentum for reform, two House representatives from North Dakota and Kentucky led efforts to become the country’s first legislative bodies to approve a Surplus Lines Insurance Multistate Compliance Compact (SLIMPACT) this week.
Comments made during the National Association of Insurance Commissioners meeting produced two sharply differing views among state regulators over the future benefit of health care reform to consumers.
As regulators prepare to implement the new financial services reform law, a House member sought to clarify the legislative intent of surplus lines provisions in a recent floor statement.
President Barack Obama signed financial services reform into law last week, setting in motion an intense effort by interested parties to shape the regulations and government bodies that will implement the legislation to their liking.