The Nonadmitted and Reinsurance Reform Act (NRRA), adopted under the Dodd-Frank financial-services law, goes into effect on July 21, 2011. Surplus Lines Brokers with multi-state risks need to be prepared [...]
Missouri passed Nonadmitted and Reinsurance Reform Act (NRRA) compliance legislation. However, the legislation does not include the state joining a compact or tax sharing agreement. The insurance licensing information provided [...]
Maryland Surplus Lines Insurance Law has been amended to comply with the Nonadmitted Reinsurance Reform Act (NRRA). The amendment was effective July 1 and applies to policies effective on or [...]
North Carolina implemented the new Designated Home State (DHS) adjuster application. Refer to the DHS Adjuster Frequently Asked Questions (FAQS) document posted on the Department’s website http://www.ncdoi.com under FAQS for [...]
The Minnesota state government has shut down. Lawmakers could not come to terms on a budget. Government offices and agencies are shut down. There is no indication how long the [...]
Effective July 1, 2011, Rep. Jim Riesberg will become Colorado's new insurance commissioner. Riesberg resigned from his seat in the Colorado General Assembly. Riesberg replaces John Postolowski, who was appointed [...]
Roy Woodall, Former Kentucky Insurance Commissioner, has been nominated by President Obama as the voting insurance member of the Financial Stability Oversight Council (FSOC). The FSOC’s responsibility is to monitor [...]
The Nevada Division of Insurance mailed out the 2011 annual appointment renewal invoices to companies. The invoices are due September 1, 2011. Companies must pay the full amount listed on [...]
Connecticut announces applications for licensing will only be accepted and processed online beginning August 1, 2011. Paper applications will no longer be accepted. Online applications for new licenses and renewals [...]
Michael D. Riley has been appointed the acting insurance commissioner of the West Virginia State Offices of the Insurance Commissioner. This information is brought to you by Supportive Insurance Services… [...]
