Industry Issues | Surplus Lines Reform

PCI Advocacy Takes Strategic Approach Regarding Nonadmitted and Reinsurance Reform Act (NRRA)

The "Dodd-Frank Wall Street Reform and Consumer Protection Act" (DFA), incorporated significant changes for surplus lines regulation through the Nonadmitted and Reinsurance Reform Act (NRRA).

The enactment of the long-awaited Nonadmitted and Reinsurance Reform Act will bring about the PCI-supported streamlining of the compliance aspects of the surplus lines insurance market and the resolution of conflicting state laws governing the placement, tax payment and allocation of premium for multistate surplus lines risks.

PCI is taking a strategic approach to this issue and will continue to work closely with state legislatures, insurance departments and the NAIC to achieve uniform standards consistent with both the spirit and the letter of the act.

Next committee teleconference call is scheduled for Tuesday, June 11, at 1:00 p.m. CT. To register, click here.

For questions about NRRA, please contact David Kodama, senior director, research.

Latest News Senate Amends Louisiana HB 543 on Surplus Lines Louisiana House Bill 543 related to the regulation of surplus lines insurance passed House.... more > Tennessee NRRA-SLIMPACT Bills Fail to Move Tennessee House Bill 805 and companion Seante Bill 356, legislation to amend Tennessee Code Annotated .... more > North Dakota Enacts House Bill 118 North Dakota House Bill 1181 was approved on April 2, 2013 and becomes effective .... more > Texas Senate Bill 951 Up for Vote On April 2, the Committee reported adversely, with a favorable Committee Substitute by unanimous vote (C.S.S.B. 951), which is now .... more >		State Implementation: Legislation & Regulation State Specific Updates Alabama Arizona Arkansas California Colorado Connecticut Delaware Florida Georgia Hawaii Illinois Indiana Iowa Kansas Kentucky Louisiana Michigan Mississippi Montana Nebraska Nevada New Jersey New Mexico New York North Carolina North Dakota Ohio Oklahoma Oregon Pennsylvania Rhode Island South Carolina South Dakota Tennessee Texas Utah Vermont West Virginia Wisconsin Wyoming NRRA State Implementation Status Chart | October 1, 2012 NRRA State Implementation Legislation Map | August 17, 2012 The Council's NRRA Compliance Guide | May 6, 2012 PCI State Enacted Law Bulletins - NRRA Implementation NRRA State Implementation Bulletins - AK, AZ, AR, CA, CO, CT, DE, FL, GA, HI, ID, IL, KY, LA, ME, MD, MN, MS, MO, MT NRRA State Implementation Bulletins - NE, NV, NH, NJ, NY, NC, ND, OH, OK, OR, PA, RI, SC, TX, UT, VT, VA, WA, WV, WI, WY
NIMA/SLIMPACT Updates   |   View all NIMA To Offer State Associate Memberships FSLSO Releases NIMA National Clearinghouse Analysis Surplus Lines Clearinghouse Announce Phase II Implementation NIMA Launches Clearinghouse Website		Federal Updates & Legislation   |   View all US Code - Title15-chapter108-subchapterI - Nonadmitted Insurance (NRRA) H. R. 4173 - Title V Subtitle B - Nonadmitted and Reinsurance Reform Act (NRRA) U.S. Rep. Garrett Reaffirms Federal Act Not Intended to Apply to Captives U.S. Rep. Biggert Affirms Dodd-Frank Act Not Applicable to Captives
Bulletins & News Releases   |   View all Senate Holds Hearing on NARAB II A.M. Best Releases 2012 Report on Surplus Lines Insurance Market NIMA Surplus Lines Clearinghouse Initiates Filing Process Florida and NIMA States Update Surplus Lines Requirements		Background & Resources   |   View all A.M. Best Special Report - U.S. Surplus Lines Market Review Surplus Lines Reporting & Eligibility Requirements Edwards Wildman Palmer LLP - Excess and Surplus Lines Law Manual The Excess and Surplus Lines Law Manual is compiled and provided by: Edwards Wildman Palmer LLP (http://www.edwardswildman.com). For future updates to this publication, or any inquiries concerning this publication, contact John Dearie of Edwards Wildman Palmer LLP at jdearie@edwardswildman.com.