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

Connecticut Insurance Department Conducts 2017 Data Call for Homeowners' Insurance
The Connecticut Insurance Department is conducting a 2017 data call concerning homeowners market ... more >

Louisiana Revises Requirements for Placement on Unauthorized Insurer List
Louisiana has enacted House Bill 233, which revises the filing requirements for an unauthorized insurer to secure ... more >

Utah Enacted HB42 Clarifies Taxation of Surplus Lines Insurers
Utah HB42 modified numerous provisions of the insurance code, including clarification regarding surplus lines ... more >

Mississippi DOI Issues Bulletin Clarifying HB447, Elimination of Diligent Search Requirement
The Mississippi DOI Bulletin 2017-3 summarizes HB447 which applies to surplus lines policies that are quoted or ... more >

State Implementation: Legislation & Regulation


NRRA State Implementation Legislation Map | March 1, 2017 

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.