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The Non-Admitted Insurance Multi-State Agreement has adopted the revenue-sharing agreement of a rival compact in an apparent effort to jumpstart creation of a uniform system to implement a premium-tax-sharing component of the federal surplus-lines reform law.

The benefits of the surplus-lines-modernization law enacted in 2010 are already being felt through greater efficiency in the marketplace and likely lower premiums for customers, according to an official of the National Association of Professional Surplus Lines Offices.

The benefits of the surplus-lines-modernization law enacted in 2010 are already being felt through greater efficiency in the marketplace and likely lower premiums for customers, according to an official of the National Association of Professional Surplus Lines Offices.

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.

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.

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.

In the 18 months since Congress passed the Nonadmitted and Reinsurance Reform Act (NRRA), the NAPSLO Board, Legislative Committee and staff have been hard at work, with the help of stamping offices and state associations, advocating for the laws proper implementation.

The state of the economy and developments in states implementation of the federal excess and surplus lines reform law will be two topics on the minds of National Association of Professional Surplus Lines Offices (NAPSLO) members as they gather for the organizations 2012 Mid-Year Leadership Forum.