Nonadmitted Insurance Multi-state Agreement (NIMA) News

South Dakota Reminds Surplus Lines Insurance Brokers of Policy Filing Changes

The South Dakota Division of Insurance has issued a bulletin to surplus lines insurance brokers of changes in store for the filing of surplus lines policies. The changes are due to the wind down of the Nonadmitted Insurance Multi-State Agreement …

Florida Announces Exit from Multi-State Surplus Lines Clearinghouse NIMA

The Florida Surplus Lines Office (FLSLO) has announced that Florida has made the decision to withdraw from the Nonadmitted Insurance Multi-State Agreement (NIMA), effective June 1, 2016. The decision marks the second state to leave the Agreement, with Louisiana previously …

Louisiana to Withdraw from Multi-State Surplus Lines Clearinghouse

Effective Oct. 1, Louisiana will withdraw from the Nonadmitted Insurance Multi-state Agreement (NIMA) and the NIMA-sponsored surplus lines clearinghouse, state insurance regulators announced. The state’s withdrawal from NIMA means it will no longer share surplus lines tax revenue with NIMA …