Excess/Surplus

Surplus Lines Compact Drafted

NU ONLINE NEWS SERVICE, October 1 – A trade group official said interested parties have drafted an interstate compact to facilitate uniform regulation and tax allocation of surplus lines insurance products and it will be sent to regulators for further action.

House Passage of Surplus Lines Bill Draws Praise From Industry

Insurance Industry associations were pleased with the House of Representatives passage of HR 5637, the Non-admitted and Reinsurance Reform Act of 2006, by a vote of 417-0.

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