Industry Issues | Surplus Lines Reform

DoddFrankSurplus_020711


PCI Advocacy Takes Strategic Approach Regarding Nonadmitted and Reinsurance Reform Act (NRRA)

The "Dodd-Frank Wall Street Reform and Consumer Protection Act" (DFA), incorporated significant changes for surplus lines regulation through the Nonadmitted and Reinsurance Reform Act (NRRA). Read summary .

The enactment of the long-awaited Nonadmitted and Reinsurance Reform Act will bring about the PCI-supported streamlining of the compliance aspects of the surplus lines insurance market and the resolution of conflicting state laws governing the placement, tax payment and allocation of premium for multistate surplus lines risks.

PCI is taking a strategic approach to this issue and will continue to work closely with state legislatures, insurance departments and the NAIC to achieve uniform standards consistent with both the spirit and the letter of the act.

For questions about NRRA, please contact David Kodama, senior director, research.

Latest News

New York DFS Adopts Final Reg 41 
The New York Department of Financial Services published the final adoption of the .... more > 
 
Delaware Issues Bulletin Regarding Domestic Surplus Lines Insurers
The Delaware Department of Insurance issued Surplus Lines Bulletin No.16 to set forth .... more > 
 
Alaska Adopts Surplus Lines Regulations
On August 13, 2014 the Alaska Division of Insurance issued Bulletin 14-05 regarding .... more >

New York Revises Excess Line Placement Standards
The New York Department of Financial Services has issued a revised proposed rule change to 11 NYCRR Part 27.... more >

State Implementation: Legislation & Regulation


NRRA State Implementation Legislation Chart | March 24, 2014

NRRA State Implementation Legislation Map | August 17, 2012

The Council's NRRA Compliance Guide | November 12, 2012

PCI State Enacted Law Bulletins - NRRA Implementation

NRRA State Implementation Bulletins - AK, AZ, AR, CA, CO, CT, DE, FL, GA, HI, ID, IL, KY, LA, ME, MD, MI, MN, MS, MO, MT

NRRA State Implementation Bulletins - NE, NV, NH, NJ, NM, NY, NC, ND, OH, OK, OR, PA, RI, SC, TX, UT, VT, VA, WA, WV, WI, WY
Background & Resources | View all

A.M. Best Special Report - U.S. Surplus Lines Segment Review

Edwards Wildman Palmer LLP - Excess and Surplus Lines Law Manual
The Excess and Surplus Lines Law Manual is compiled and provided by: Edwards Wildman Palmer LLP (http://www.edwardswildman.com). For future updates to this publication, or any inquiries concerning this publication, contact John Dearie of Edwards Wildman Palmer LLP at jdearie@edwardswildman.com.