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 surplus lines or the NRRA, please contact David Kodama, assistant vice president, research.

Latest News

Pennsylvania DOI to Conduct Medical Malpractice Data Call
Pennsylvania Insurance Department has issued notice to all insurers who provide medical professional liability insurance requiring that insurers must submit data on medical ... more > 

Wisconsin Draft Legislation Released Regarding Contractor Insurance Requirement, DSLI
PCI continues to lobby in support of drafted legislation to address a pending issue on Contractor Liability ... more > 

New Mexico SB 367 Introduced, Replacing Bill Amending Surplus Lines Statutes
The New Mexico Office of Superintendent of Insurance (OSI) re-wrote their technical clean-up bill and had it re-introduced as SB 367, replacing SB 104. SB 367 retains the sections ... more > 

Delware DOI Seeks Survey From Industry
The Delaware Department of Insurance requests all property and casualty insurers that market insurance in the state to complete a "Property and Casualty and Surplus Lines ... more > 

State Implementation: Legislation & Regulation


NRRA State Implementation Legislation Map (FL, WI) | April 20, 2016

NRRA State Implementation Legislation Chart (KS, LA) | July 20, 2015  
 
PCI State Enacted Law Bulletins - NRRA Implementation
(KS, LA) | July 20, 2015

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 | July 20, 2015

NRRA State Implementation Bulletins - NE, NV, NH, NJ, NM, NY, NC, ND, OH, OK, OR, PA, RI, SC, TN, TX, UT, VT, VA, WA, WV, WI, WY | July 20, 2015

Background & Resources | View all

PCI: Surplus Lines Insurance Primer

A.M. Best Special Report - U.S. Surplus Lines Segment Review
PCI distributes this report to PCI members with special permission from A.M. Best and the Derek Hughes/NAPSLO Educational Foundation. A.M. Best retains the copyright to the report, and no part of this report may be distributed by any means, in whole or part, without prior written permission from A.M. Best.

Locke Lord LLP - 2017 Excess and Surplus Lines Law Manual
The Excess and Surplus Lines Law Manual is compiled and provided by: Locke Lord LLP (http://www.lockelord.com). For future updates to this publication, or any inquiries concerning this publication, contact John Dearie of Locke Lord LLP at jdearie@lockelord.com.