Effective January 1, 2012, surplus lines agent licenses will be renewed for a two-year period ($120.00--plus any applicable retaliatory fee for nonresidents). Individuals will be mailed renewal notices for each [...]
The Idaho Legislature passed, and the Governor signed into law amendments to the Idaho surplus line law to be compliant with the NRRA effective on or after July 21, 2011. [...]
The North Carolina Department of Insurance cancelled many individual Surplus Lines licenses for failure to pay the required license renewal fee by August 31, 2011 for the 2011-2012 license period. [...]
Connecticut implemented legislation to be compliant with the federal Nonadmitted and Reinsurance Reform Act (NRRA) that became effective on July 21, 2011. Contact the Connecticut Insurance Department Licensing Unit at [...]
The Non-admitted and Reinsurance Reform Act (NRRA) was created to make multistate surplus lines transactions and tax payments more uniform, efficient and streamlined for consumers, businesses and surplus lines brokers. [...]
House Bill 2679 (2011 Legislative Session), was passed by the Oregon Legislature. It conforms to the NRRA and makes other changes to Oregon’s surplus lines law. HB 2679 is effective [...]
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 [...]
There is new optimism that the majority of states will adopt legislation to be compliant with the federal Nonadmitted and Reinsurance Reform Act (NRRA) that was adopted under the Dodd-Frank [...]
Recently the New York legislature passed legislation with provisions for 100% of each surplus lines premium written in New York to be taxed. New York decided not to join the [...]
The National Conference of Insurance Legislators (NCOIL), the Council of State Governments (CSG), and the National Conference of State Legislatures (NCSL) are asking Congress for a one year extension of [...]
