July 21, 2011
By Arthur D. Postal, PropertyCasualty360.com
NU Online News Service, July 21, 3:32 p.m. EDT
Despite having a year to pass legislation fully implementing the law, the Nonadmitted and Reinsurance Reform Act (NRRA), only nine states have enacted legislation implementing a clearinghouse process, supported by state legislative groups and industry associations, designed to create an efficient revenue-sharing mechanism. That model is the Surplus Lines Insurance Multistate Compliance Compact, or SLIMPACT. read more..
By Arthur D. Postal, PropertyCasualty360.com
NU Online News Service, July 21, 3:32 p.m. EDT
Despite having a year to pass legislation fully implementing the law, the Nonadmitted and Reinsurance Reform Act (NRRA), only nine states have enacted legislation implementing a clearinghouse process, supported by state legislative groups and industry associations, designed to create an efficient revenue-sharing mechanism. That model is the Surplus Lines Insurance Multistate Compliance Compact, or SLIMPACT. read more..
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