News & Analysis as of

Nonadmitted Insurance

Tennessee Department Of Commerce And Insurance Issues Bulletin Advising Of Taxation Of Surplus Lines Premiums Post-NIMA...

by Carlton Fields on

In a special focus article in May, we wrote about the future of multi-state allocation of nonadmitted premium tax revenue following the dissolution of the Non-Admitted Insurance Multistate Agreement (NIMA). We followed up on...more

What Is The Future Of The Multi-State Allocation Of Nonadmitted Premium Tax Revenue?

by Carlton Fields on

In the portion of the Dodd-Frank Act known as the Nonadmitted and Reinsurance Reform Act, Congress established a public policy and stated its desire that “each State adopt nationwide uniform requirements, forms, and...more

NY DFS Amends Insurance Regulation 41 To Conform With NRRA

by Carlton Fields on

The NY DFS announced an amendment to its regulations governing excess line placements to conform with the Nonadmitted and Reinsurance Reform Act of 2010 (“NRRA”), which prohibits any State, other than the insured’s home...more

Dodd-Frank Wall Street Reform and Consumer Protection Act Will Make Significant Changes in State Insurance Regulation

Insurance is not the central focus of the Dodd-Frank Wall Street Reform and Consumer Protection Act (the “Act”), which President Obama signed into law on July 21, 2010 (Public Law 11-203). However, the Act contains provisions...more

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