Surplus Lines Insurance Update - Possible Extention of Surplus Lines - Supportive Insurance Services

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 the effective date for state implementation of the surplus lines reform and modernization law. This would move the effective date to July 12, 2012.

The request was made to allow states more time to implement the new law, the Nonadmitted and Reinsurance Reform Act (NRRA).

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John Losurdo - Officer, RHSB

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Surplus Lines Insurance Update – Possible Extention of Surplus Lines