Nebraska has dropped out of the Nonadmitted Insurance Multistate Agreement, or NIMA, the compact for parceling out surplus line premiums to the appropriate state supported by the National Association of Insurance Commissioners.
The outline of a compromise over the uniform mechanism that will be used to implement the surplus lines and reinsurance modernization law emerged at the National Association of Insurance Commissioners fall meeting.
The outline of a compromise over the uniform mechanism that will be used to implement the surplus lines and reinsurance modernization law emerged at the National Association of Insurance Commissioners fall meeting.
NAPSLO's new executive director last held a position with the National Association of Insurance Commissionersa group that supports a different tax-sharing compact among states than does NAPSLO.
NAPSLO's new executive director last held a position with the National Association of Insurance Commissionersa group that supports a different tax-sharing compact among states than does NAPSLO.
Regardless of which premium tax-sharing agreement is used to implement the federal surplus-lines reform law, it may not be around in the long run, says Richard Bouhan, executive director of the National Association of Professional Surplus Lines Offices.
The National Association of Professional Surplus Lines Offices has hired a former executive with the National Association of Insurance Commissioners as its new executive director.