Category: Surplus Lines

  The Non-Admitted Insurance Multi-State Association (“NIMA”) announced today, May 8, 2014, that it has welcomed Tennessee and Wisconsin as the first states to take advantage of the organization’s “Associate Membership” created in 2013.  Both states have signed up for a …

  The Texas Department of Insurance (“TDI”), which is considering rules to implement new surplus lines insurance-related laws and amendments, will convene a stakeholder meeting tomorrow, March 26, 2014 at 9:30 a.m. (Central Time) to address SB 697, SB 951 …

The Florida Surplus Lines Service Office (“FSLSO”) has advised that registration is now open for its March 27, 2014 “Member’s Forum,” which will feature a review of new continuing education requirements for Florida surplus lines agent and agency licensees.   …

FSLSO Service Fee to Decrease from 0.2% to 0.175% The service fee charged by the Florida Surplus Lines Service Office (“FSLSO”) will be decreased from 0.2% to 0.175% effective April 1, 2014. All new and renewal policies/certificates with an effective …

The U.S. Government Accountability Office (“GAO”) published a statutory report (GAO-14-136) on the Nonadmitted and Reinsurance Reform Act of 2010 (“NRRA”) today, January 16, 2014.  To go directly to the complete 55-page report, entitled “Property and Casualty Insurance:  Effects of …

  “Class is in session 24/7” at the Florida Surplus Lines Service Office (“FSLSO”) with the release of its newly developed online education portal, the organization announced yesterday, November 19, 2013. The “FSLSO Education Center” is designed to serve as …

  The staff of FSLSO announced early in November 2013 that the Florida Surplus Lines Study Manual is now available as an ebook! The Florida Surplus Lines Study Manual serves as Florida’s official study guide for the Florida surplus lines …

  Florida Insurance Commissioner Kevin McCarty was elected for a third consecutive one-year term as Secretary of the Non-Admitted Insurance Multi-State Agreement (“NIMA”) Governing Committee on October 22, 2013. Commissioner McCarty has served as Secretary since NIMA member state representatives …

  The Non-Admitted Insurance Multi-State Association (“NIMA”) announced today, July 9, 2013, that reported premium in the Non-Admitted Insurance Multi-State Agreement exceeded $500 million in the year since the Surplus Lines Clearinghouse (“Clearinghouse”) became operational on July 1, 2012. Of the more …

The Florida Surplus Lines Service Office (“FSLSO”) held a Members’ Forum Webinar, entitled “Courtesy Filing, Legislative Updates and More on Policy Fees,” on May 9, 2013.  FSLSO Insurance Analyst Brian Bogner began the Webinar by introducing Tom Terfinko, FSLSO Assistant …