Category: Surplus Lines

  The Florida Office of Insurance Regulation announced today, July 15, 2011, that South Dakota has become the sixth state to join the Nonadmitted Insurance Multi-State Agreement (“NIMA”) NIMA will allow participating states to consolidate the collection, allocation and reporting …

  The Florida Surplus Lines Service Office (“FSLSO”) held a National Clearinghouse Committee (“Committee”) meeting today, June 21, 2011, to hear a brief update on the FSLSO’s discussions with the National Association of Insurance Commissioners (“NAIC”) related to the operation …

  With Tennessee Governor Bill Haslam’s approval of legislation on June 10, 2011, Tennessee became the ninth state to join the Surplus Lines Insurance Multi-State Compact (“SLIMPACT”).  Kentucky, New Mexico, North Dakota, Indiana, Kansas, Vermont, Rhode Island and Alabama have also enacted SLIMPACT legislation. Adopted in …

  The Florida Surplus Lines Service Office (“FSLSO”) held a National Clearinghouse Committee (“Committee”) meeting today, June 14, 2011, to hear an update on FSLSO’s discussions with the National Association of Insurance Commissioners (“NAIC”) related to operation of the proposed …

  With Alabama Governor Robert Bentley’s approval of legislation yesterday, June 9, 2011, Alabama became the eighth state to join the Surplus Lines Insurance Multi-State Compact (“SLIMPACT”).  Kentucky, New Mexico, North Dakota, Indiana, Kansas, Vermont and Rhode Island have also enacted SLIMPACT legislation. Adopted in November …

  With Rhode Island Governor Lincoln Chafee’s approval on May 27, 2011, Rhode Island became the seventh state to join the Surplus Lines Insurance Multi-State Compact (“SLIMPACT”).  Kentucky, New Mexico, North Dakota, Indiana, Kansas and Vermont have also enacted SLIMPACT. SLIMPACT, adopted in November 2010 by the …

The National Association of Professional Surplus Lines Offices issued the following news release during May 2011:   Florida Approves NRRA Bill to Share Taxes With Other States; Requires Multi-State Policies to Use Each State’s Tax Rate The Florida Governor signed …

  The Florida Surplus Lines Service Office (“FSLSO”) held a National Clearinghouse Committee (“Committee”) meeting today, May 31, 2011, to discuss the National Association of Insurance Commissioners’ (“NAIC”) response to an FSLSO query about a potential partnership between the two …

  The Florida Surplus Lines Service Office (“FSLSO”) held a National Clearinghouse Committee (“Committee”) meeting today, May 17, 2011, to discuss the possibility of partnering with another entity to provide multi-state tax clearinghouse operational services pursuant to surplus lines-related reform …

  The Florida Surplus Lines Service Office (“FSLSO”) held a National Clearinghouse Committee (“Committee”) meeting on May 10, 2011 to discuss and review the potential financial and legal implications of providing multi-state tax Clearinghouse operational services pursuant to surplus lines-related …