NRRA News

Ohio Governor Signs Surplus Lines Insurance Legislation

Ohio Gov. John R. Kasich has signed legislation continuing Ohio’s involvement in the surplus lines insurance market, the governor’s office announced. House Bill 122 permits the director of the Ohio Department of Insurance to join a compact if deemed advantageous …

How California Bill Implements Federal NRRA Surplus Lines Reform

The Nonadmitted and Reinsurance Reform Act (NRRA), Subtitle B, Part I, Dodd-Frank Wall Street Reform and Consumer Protection Act, reaches out and touches California on July 21, 2011. In anticipation of its effective date, the California Department of Insurance (CDI) …

California Proposes to Disable Itself From Taxing 100% of Surplus Lines Premium

A California legislator has proposed a surplus lines bill — one effect of which will reduce California’s surplus lines premium tax revenues. On Feb. 9, 2011, California Assembly Member Solario introduced Assembly Bill No. 315 (AB 315), the California Department …