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Surplus Lines Insurance 2011 Legislation

Surplus Lines Insurance and the Nonadmitted and Reinsurance Reform Act

2011 Legislation

Last updated: February 1, 2012

NCSL Staff Contacts: Heather Morton, 303.364.7700 (Denver); James Ward, 202.624.8683 (D.C.)

Surplus or excess lines insurance is insurance coverage that is not available from insurers licensed in the state, called admitted companies, and must be purchased from a non-admitted carrier. A consumer may need to purchase surplus lines insurance if the consumer needs more unique insurance than what is available from admitted insurers for property and casualty coverages such as commercial general liability insurance, fire insurance, mobile home policies, automobile physical damage coverage, and medical malpractice insurance.

The Dodd-Frank Wall Street Reform and Consumer Protection Act was signed into law by President Obama on July 21, 2010. Incorporated into the law is language addressing excess and surplus lines insurance, the Nonadmitted and Reinsurance Reform Act (NRRA). The NRRA, by its various provisions will preempt or supersede portions of the excess and surplus lines law as they exist today in the states. Of particular significance to states, on July 21, 2011, when most of the provisions of the NRRA take effect, only the Home State of the insured will be authorized to tax a surplus lines transaction, and the states will not be able to allocate the tax revenue unless the states adopt an interstate compact or other uniform, national tax allocation procedures. This leaves little time for states to amend their excess and surplus lines insurance statutes to conform to the mandatory provisions and definitions contained in the NRRA. The failure of the states to modernize this important area of insurance regulation may result in the loss of valuable premium dollars and add momentum to proponents of a greater federal role in the regulation of insurance industry.

Accordingly, an interstate compact (SLIMPACT-Lite) was drafted with input from state insurance regulators, state legislators, industry trade organizations and others. SLIMPACT-Lite will streamline regulatory requirements by providing for: uniform premium tax allocation formulae; a clearinghouse to facilitate the correct calculation and reporting of premium taxes due to the compacting states; and improved coordination of regulatory resources and expertise between state insurance departments and other state agencies, as well as state surplus lines stamping offices. SLIMPACT-Lite is endorsed by the National Conference of State Legislatures (NCSL), the National Conference of Insurance Legislators (NCOIL) and the Council of State Governments (CSG).

The National Association of Insurance Commissioners endorsed a different model agreement, the Nonadmitted Insurance Multi-State Agreement (NIMA).

In 2011, 45 states had introduced legislation to comply with the NRRA or amend their surplus lines tax provisions. Forty-two states total enacted surplus lines legislation relating to NRRA or tax provisions. AlabamaIndiana, Kansas, Kentucky, New Mexico, North Dakota, Rhode IslandTennessee and Vermont enacted legislation to join SLIMPACT-Lite. Montana, Nebraska, Oklahoma and West Virginia enacted NIMA legislation, and Connecticut, Florida, Hawaii, Louisiana, Mississippi, Nevada, Puerto Rico, South Dakota, Utah and Wyoming signed an agreement to be part of NIMA. Arizona, Arkansas, California, DelawareGeorgia, Idaho, Maryland, MassachusettsMinnesotaNew York, OhioOregon, Pennsylvania and Virginia enacted legislation addressing surplus lines tax provisions but did not specify SLIMPACT-Lite or NIMA.

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STATE
BILL SUMMARY
Alabama

H.B. 76
Signed by governor 6/9/11, Act 537
This bill establishes the Surplus Lines Insurance Multi-State Compliance Compact Act. This bill provides for exclusive single-state regulatory compliance for multi-state surplus lines and independently procured insurance placements. This bill provides for uniform premium tax allocation formulas. This bill provides a clearinghouse to facilitate correct calculations. This bill provides for reporting of premium taxes due to the compacting states. This bill provides that the compact shall become effective and binding upon legislative enactment of the compact into law by two compacting states, and the commission shall become effective for purposes of adopting rules and creating the clearinghouse when there are a total of 10 compacting states and contracting states or, alternatively, when there are compacting states and contracting states representing greater than 40 percent of the surplus lines insurance premium volume based on records of the percentage of surplus lines insurance premium.

Alaska

H.B. 164
Signed by governor 6/23/11, Chapter 23
This legislation addresses an amendment to federal law (the Nonadmitted and Reinsurance Reform Act of 2010) effective in June 2011 that changes how premium taxes on Surplus Lines insurance can be collected and allocated. This legislation will avoid loss of revenue from premium tax.

Arizona

H.B. 2112
Signed by governor 4/18/11, Chapter 136
Allows the director of the Arizona Department of Insurance to enter into a compact or multistate agreement to provide for the reporting, payment, collection and allocation of taxes imposed on unauthorized surplus lines insurance covering multistate risks, in accordance with the Nonadmitted and Reinsurance Reform Act of 2010. Permits the director to enter into a compact or multistate agreement if, after an administrative hearing, it is determined that it is in the best interests of the state. Requires the following factors to be considered in the determination: (i) The impact on the state’s gross receipt of premium taxes, if any. (ii) The regulatory burden and costs placed on insurance companies, surplus lines brokers and insurance agents doing business in the state. (iii) The cost impact on insureds resulting from any regulatory requirements attributable to a compact or multistate agreement, if any. (iv) Other factors as may be raised by the director or any other interested party. Prohibits taxes imposed on unauthorized insurance covering Arizona single-state risks from being covered by or payable through any compact or multistate agreement entered into by the director. Stipulates that if a clearinghouse is not established or in operation by July 21, 2011, in order to implement the Nonadmitted and Reinsurance Reform Act of 2010, any statements and taxes payable to a clearinghouse shall be filed with the director or with a voluntary domestic organization of surplus lines brokers with which the director has contracted to accept reports. Permits the director to adopt reasonable rules to effectuate any provision of the Nonadmitted and Reinsurance Reform Act of 2010.

Arkansas

H.B. 2143
Signed by governor 4/1/11, Act 1055
Authorizes the insurance commissioner to enter into agreements with other jurisdictions to aid in the administration of taxes on surplus lines insurers.

California

A.B. 315
Signed by governor 7/13/11, Chapter 83
This bill would revise and recast the provisions governing surplus line brokers and nonadmitted insurers to make them consistent with the federal Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 (Dodd-Frank), including, but not limited to, the duties, responsibilities, and licensure of surplus line brokers, taxation of surplus line insurance, and the eligibility of nonadmitted insurers to do business in this state. Certain provisions of the act become operative on July 21, 2011. The bill requires that new or renewal policies, cancellations, or endorsements, and installment premiums be classified as provided for the purposes of addressing the requirements of Dodd-Frank, and these provisions would be inoperative as of October 18, 2012.

S.B. 716
Existing law regulates the business of insurance with regard to surplus lines insurers and reinsurance. This bill declares that it is the intent of the Legislature to reconcile California surplus lines and reinsurance law with the recent changes to federal law to minimize any possibly adverse effects of preemption by the Dodd-Frank Wall Street Reform and Consumer Protection Act.

Colorado
none
Connecticut

H.B. 6363
Failed Joint Favorable deadline 3/17/11
Enters into the National Conference of Insurance Legislators' Surplus Lines Insurance Multistate Compliance Compact.

H.B. 6468
Failed Joint Favorable deadline 3/17/11
Requires the Insurance Department to amend regulations adopted pursuant to §38a-740 of the general statutes pertaining to surplus lines brokers and unauthorized insurers to conform with the provisions of the Nonadmitted and Reinsurance Reform Act.

H.B. 6652
Signed by governor 6/21/11, Public Act 61
Under current law, the state imposes a four percent tax on gross premiums charged by nonadmitted (i.e., unauthorized) insurers on insurance policies procured independently or through licensed surplus lines brokers. In accordance with the 2010 federal Nonadmitted and Reinsurance Reform Act (NRRA), the bill: 1. limits the policies subject to the tax, 2. modifies how individuals and brokers must pay the tax, 3. allows the revenue services and insurance commissioners to enter into an agreement with other states regarding the allocation of premium taxes among the states in cases where the policy covers multiple states, and 4. exempts certain commercial purchasers from certain filing requirements. Under the NRRA, states must adopt, by July 21, 2011, uniform requirements and procedures for allocating and collecting premium taxes on nonadmitted insurance policies. The bill requires that its provisions be construed so as to avoid preemption under the NRRA. The bill also modifies the penalty and interest due on unpaid tax payments. To conform to NRRA provisions, the bill limits the tax to any nonadmitted insurance policy procured directly or through a licensed surplus lines broker where Connecticut is the insured's home state. Under the NRRA, an insured's “home state” is the state where an insured maintains its principal place of business or residence. If the insured risk is located entirely outside of the state in which the insured resides or maintains its principal place of business, the “home state” is the state to which the greatest percentage of the insured's taxable premium is allocated. In the case of an affiliated group that is insured on a single nonadmitted insurance contract, the “home state” is the state to which the largest percentage of premium is allocated. The bill allows the DRS and DOI commissioners to enter into a cooperative or reciprocal agreement with other states to allocate nonadmitted insurance premium taxes among them in accordance with the NRRA's requirements. The agreement may include, but is not limited to, the National Association of Insurance Commissioners' (NAIC) Nonadmitted Insurance Multistate Agreement (NIMA). Under the bill, if the agreements' provisions differ from those in the bill, the agreement prevails.

S.B. 50
Failed Joint Favorable deadline 3/17/11
Establishes requirements that are consistent with the federal Nonadmitted and Reinsurance Reform Act for authorized surplus lines insurers doing business in the state.

S.B. 975
This bill allows the insurance commissioner to enter into the National Association of Insurance Commissioners' (NAIC) Nonadmitted Insurance Multistate Agreement (NIMA) to carry out the provisions of the 2010 Nonadmitted and Reinsurance Reform Act (NRRA) regarding unauthorized insurance premium taxes. It allows the commissioner to enter into the agreement to (1) facilitate the collection, allocation, and disbursement of premium taxes; (2) provide for uniform allocation and reporting methods among unauthorized insurance risk classifications; and (3) share information on unauthorized insurance premium taxes with other states.

S.B. 1217
Authorizes the state to enter into an interstate compact to adopt uniform requirements, forms and procedures relating to the reporting, collection, payment and allocation of premium taxes due on nonadmitted insurance, and thereby avoid preemption under the federal Nonadmitted and Reinsurance Reform Act of 2010.

S.B. 1244
Under current law, the state imposes a four percent tax on gross premiums charged by nonadmitted (i.e., unauthorized) insurers on insurance policies procured independently or through licensed surplus lines brokers. In accordance with the 2010 federal Nonadmitted and Reinsurance Reform Act (NRRA), the bill: 1. limits the policies subject to the tax, 2. modifies how individuals and brokers must pay the tax, 3. allows the revenue services and insurance commissioners to enter into an agreement with other states regarding the allocation of premium taxes among the states in cases where the policy covers multiple states, and 4. exempts certain commercial purchasers from certain filing requirements. Under the NRRA, states must adopt, by July 21, 2011, uniform requirements and procedures for allocating and collecting premium taxes on nonadmitted insurance policies. The bill requires that its provisions be construed so as to avoid preemption under the NRRA. The bill also modifies the penalty and interest due on unpaid tax payments.

Delaware

H.B. 162
This Act makes two changes to Delaware’s surplus lines insurance: First, this Act allows surplus lines insurers who are domesticated in Delaware to write surplus lines insurance in Delaware. Currently, such insurers are not allowed to write surplus lines insurance in Delaware. A domestic surplus lines insurer would have to prove adequate solvency and be approved by the Insurance Commissioner. Secondly, the Act will also expand the market of surplus lines insurance for Delaware residents, which is particularly beneficial to those with property in the coastal areas of the state. The second provision of the Act makes it clear that surplus lines insurers, including the domestic surplus lines insurer established herein, are exempt from rate and form filings. This would codify the current practice of exempting surplus lines insurers from rate and form filings.

S.B. 109
Signed by governor 8/16/11, Chapter 176
This bill describes the requirements of the NRRA and amends Chapter 19 of Title 18, Delaware’s current surplus lines law, to bring the Delaware Code into compliance with those requirements. Section 1 of the bill creates Subchapter I pertaining to findings regarding the implementation of the NRRA, establishment of single-state regulatory and taxing authority, authorization for participation in an interstate cooperative compact or agreement related to regulation of nonadmitted insurance and the collection, allocation, and distribution of premium tax; establishment of a committee to study the fiscal impact of entering into an interstate agreement; adoption of definitions found in the NRRA; and the exclusion of certain lines of business from the provisions of the chapter. Section 2 of the bill creates Subchapter II pertaining to placement and regulation of surplus lines insurance through licensed surplus lines brokers or by insureds who independently procure coverage; conditions for export of coverage; authorization for the Insurance commissioner to set diligent search requirements; certain procedural requirements for surplus lines brokers; definition and provisions for streamlined application for certain commercial insureds; endorsement of contract and required disclosure statement ensuring that the insured is aware that the surplus lines policy is placed with a company not under the jurisdiction of the Insurance Department and no guaranty fund coverage is available; allowance for delayed surplus lines licensing if Delaware is the home state of the insured; mandated use of the NAIC national producer database for licensing; and certain records and reports required from surplus lines brokers. Section 3 amends sections of Chapter 19 pertaining to surplus lines premium tax to provide that 100 percent of the premium for all policies written on home state insureds, whether single-state or multi-state, is considered Delaware premium for tax purposes; provide for the payment of premium tax on independently procured nonadmitted insurance; and provide for penalties for noncompliance with tax filing requirements. Section 4 creates Subchapter III pertaining to the eligibility and regulation of nonadmitted insurers as specified in the NRRA including clarification that surplus lines insurance is exempt from rate and form approval and stating criteria for withdrawal of eligibility. Section 4 also adds a section creating the company type of Delaware domestic surplus lines insurers that are admitted insurers permitted to write surplus lines policies on Delaware risks if they are sufficiently solvent, their board of directors allows it, and the Insurance commissioner approves. Section 5 creates Subchapter IV providing for miscellaneous material such as applicability, alteration, and repeal of this law; renaming the law; providing for penalties; and declaring urgency of enactment due to the 330 day requirement in the NRRA.

District of Columbia
none
Florida

H.B. 1227
Laid on table 5/4/11
Requires surplus lines agent to file quarterly on or before specified time affidavit stating that all surplus lines insurance transacted during preceding quarter has been submitted to Florida Surplus Lines Service Office; requires premium tax due on surplus lines policy to be computed on gross premium; revises payment dates for service fee; requires service fee on surplus lines policy to be computed on gross premium.

S.B. 1816
Signed by governor 5/26/11, Chapter 46
Requires a surplus lines agent to file quarterly on or before a specified time an affidavit stating that all surplus lines insurance transacted during the preceding quarter has been submitted to the Florida Surplus Lines Service Office. Authorizes the Department of Financial Services and the Office of Insurance Regulation to enter into a specified type of agreement with other states pursuant to federal law for the collection and allocation of certain nonadmitted insurance taxes.

Georgia

H.B. 413
Signed by governor 5/11/11, Act 112
Revises the surplus line insurance law in Georgia; provides for definitions; changes provisions of the authorization of procurement of surplus line insurance; changes certain provisions related to the duties of the broker prior to placing insurance; changes certain provisions related to payment of the broker of privilege tax; provides for legislative intent; provides that the governor under advisement of the commissioner shall weigh and select such cooperative agreement, compact, or reciprocal agreement that best meets all the financial needs of the state for the purpose of collecting and disbursing to reciprocal states premium taxes; provides for penalties for failure to file certain affidavits or remit certain taxes; revises licensing provisions for resident and nonresident surplus line producers; changes applicability provisions.

Guam
not available
Hawaii

H.B. 1052
Signed by governor 5/26/11, Act 68
S.B. 1279
Passed Senate 3/8/11
Amends the insurance code to comply with the federal Nonadmitted and Reinsurance Reform Act of 2010 relating to surplus lines insurance and participate in a multi-state cooperative to collect surplus lines premium taxes and fees and distribute to the individual states the taxes and fees assessed.

Idaho

H.B. 179
Signed by governor 4/5/11, Chapter 183
Amends §41-1212 to provide that certain code sections apply only when the insured's home state is Idaho and to make a technical correction; amends §41-1213 to define terms and to revise definitions; amends §41-1214 to provide that a certain search requirement is not required in certain circumstances, to provide record maintenance requirements, to provide restrictions relating to insurers with which surplus line brokers may insure, to grant the director certain rulemaking authority and to provide a penalty; amends §41-1223 to grant the director the authority to participate in a certain database and to make a technical correction; amends §41-1229 to revise provisions relating to a tax on surplus lines.

Illinois

S.B. 1244
Amends the Illinois Insurance Code. Deletes certain provisions concerning licensure requirements for surplus line producers. Makes changes to the provision concerning surplus line taxes and penalties for late payment. Sets forth provisions concerning multi-state agreements. Deletes provisions concerning surety bonds and application of the Illinois Surplus Line law. Makes changes to a provision concerning the Surplus Line Association of Illinois.

Indiana

S.B. 578
Signed by governor 5/9/11, Public Law 111
Provides for enactment of a surplus lines insurance compact. Specifies requirements applying to compacting states and contracting states with respect to provision of surplus lines insurance in multiple states. Provides for collection of premium taxes on surplus lines insurance.

Iowa

H.S.B. 128
This bill establishes new regulations to permit increased access to surplus lines insurance in the state, allows the allocation of premiums and payment of premium taxes on such insurance that is written on multistate risks, allows the commissioner of insurance to participate in a national clearinghouse in regards to the sale of such insurance, and contains penalties, coordinating provisions, repeals, and effective date provisions.

H.S.B. 181
This bill creates new Code chapter 515I to enact the surplus lines insurance multistate compliance compact and coordinating provisions. The purpose of the compact is to carry out the intention of the federal Nonadmitted and Reinsurance Reform Act of 2010 of the federal Dodd-Frank Wall Street Reform and Consumer Protection Act that the states establish procedures to allocate the premium taxes paid by insureds for nonadmitted insurance of multistate risks among the states in accordance with uniform allocation formulas, including the reporting, payment, collection, and allocation of those premium taxes. “Nonadmitted insurance” or “surplus lines insurance” is insurance procured from an insurer that is not authorized or admitted to transact the business of insurance under the law of the insured’s home state.

S.S.B. 1099
This bill establishes new regulations to permit increased access to surplus lines insurance in the state, allows the allocation of premiums and payment of premium taxes on such insurance that is written on multistate risks, allows the commissioner of insurance to participate in a national clearinghouse in regards to the sale of such insurance, and contains penalties, coordinating provisions, repeals, and effective date provisions.

Kansas

H.B. 2076
Signed by governor 5/12/11
Enacts the Surplus Lines Insurance Multi-State Compliance Compact and makes amendments to the current law governing the allocation of surplus lines' premium tax revenue.

S.B. 178
Authorizes the commissioner to enter into agreements with other states involving surplus lines; pertaining to premium taxes on surplus lines insurance.

S.B. 206
Concerns surplus lines insurance; relates to the surplus lines insurance multi-state compliance compact.

Kentucky

H.B. 167
Signed by governor 3/16/11, Act 48
Creates a new section of KRS 304.10-010 to 304.10-210 to adopt the provisions of the Surplus Lines Insurance Multi-State Compliance Compact.

Louisiana

H.B. 469
Signed by governor 6/29/11, Act 361
This bill retains the five percent surplus lines insurance premium tax now levied on surplus lines policies covering risks solely in this state. Also authorizes the taxation of surplus lines policies covering multistate risks, in conformance with federal law and a multistate agreement, which the commissioner of insurance may enter on behalf of the state, that allocates such tax revenues among the states.

Maine

L.D. 1352
Signed by governor 6/14/11, Chapter 331
This bill amends surplus lines eligibility standards and nonadmitted insurance premium tax laws to conform to the requirements of the federal Nonadmitted and Reinsurance Reform Act of 2010. It authorizes the state tax assessor to enter into a multistate agreement as directed by federal law; transfers the administration of self-procured insurance premium taxes from the Department of Professional and Financial Regulation, Bureau of Insurance to the Department of Administrative and Financial Services, Maine Revenue Services; and makes conforming technical changes to other provisions of the surplus lines insurance and premium tax laws.

Maryland

H.B. 911
S.B. 694
Signed by governor 5/19/11, Chapter 520
Requires the Maryland Insurance commissioner to participate in a specified database; alters the authority of the commissioner to allow a commercial insured to waive specified search requirements for surplus lines coverage for specified purposes; authorizes a surplus lines broker not to perform a diligent search when placing specified coverage with an exempt commercial purchaser under specified circumstances; alters the calculation of the premium receipts tax on certain surplus lines insurance premiums that cover certain property, risks, and exposures that are located or to be performed entirely in the state or both in and outside the state; provides that, for policies effective on or after a certain date, only the home state of an insured may receive certain tax payments and reports for certain nonadmitted insurance; requires the commissioner to cooperate with other states to adopt and implement uniform requirements for nonadmitted insurance in compliance with the federal Nonadmitted and Reinsurance Reform Act of 2010; provides that, for policies effective on or after a certain date, the regulation and placement of certain nonadmitted insurance is subject to the statutory and regulatory requirements solely of certain home states; alters certain requirements for certain surplus lines brokers and insureds to file certain statements and reports and pay certain taxes at certain times.

H.B. 959
Signed by governor 5/19/11, Chapter 521
Requires the Maryland Insurance commissioner to participate in a specified database; alters the authority of the commissioner to allow a commercial insured to waive specified search requirements for surplus lines coverage for specified purposes; authorizes a surplus lines broker to not perform a diligent search when placing specified coverage with an exempt commercial purchaser under specified circumstances; provides that, for policies effective on or after a certain date, only the home state of an insured may receive certain tax payments and reports for certain nonadmitted insurance; requires the commissioner to cooperate with other states to adopt and implement uniform requirements for nonadmitted insurance in compliance with the federal Nonadmitted and Reinsurance Reform Act of 2010; provides that, for policies effective on or after a certain date, the regulation and placement of certain nonadmitted insurance is subject to the statutory and regulatory requirements solely of certain home states.

Massachusetts

H.B. 3535
Signed by governor 7/11/11 with line item veto, Chapter 68
Authorizes the insurance commissioner to enter into a cooperative agreement, reciprocal agreement or compact with another state or states and the commissioner may also enter into other cooperative agreements with surplus lines stamping offices and other similar entities located in other states related to the capturing and processing of insurance premium and tax data.

Michigan
none
Minnesota

H.F. 20, First Special Session
Signed by governor 7/20/11, Chapter 7
S.F. 8
Laid on table 7/19/11
Makes changes to individual income, corporate franchise, estate, property, aids, credits, payments, refunds, sales and use, minerals, local, tax increment financing, insurance, and other taxes and tax-related provisions.

H.F. 1231
S.F. 925
Makes policy, technical, administrative, enforcement, and other changes to individual income, corporate franchise, estate, sales and use, property, insurance, and other taxes and tax-related provisions, and conforms to Internal Revenue Code changes.

H.F. 1394
Indefinitely postponed 5/16/11
S.F. 1045
Signed by governor 5/27/11, Chapter 108
Relates to commerce; regulates continuing education and prelicensing requirements, insurance coverages, certain disclosures, nonadmitted insurers, insolvencies, real estate closing agents, adjusters, and appraisers.

H.F. 1548
Relates to taxation; makes policy, technical, administrative, enforcement, and other changes to individual income, corporate franchise, estate, sales and use, property, insurance, and other taxes and tax-related provisions; conforms to changes made to the Internal Revenue Code.

Mississippi

H.B. 785
Signed by governor 3/11/11, Chapter 380
Amends §83-21-17 to revise the provisions of laws regarding the eligibility of nonadmitted insurers to write business in the state of Mississippi; creates a new section of law to be codified as §83-21-18 to authorize the commissioner of insurance to enter into an agreement with other states to establish procedures for allocating premium taxes; amends §83-21-19 to revise the licensing provisions for resident and nonresident surplus lines insurance producers; amends §83-21-21 to provide that stamping procedures may apply to the reporting, payment, collection and allocation of premium taxes for nonadmitted insurance consistent with any agreement, compact or procedures entered into by the commissioner of insurance; amends §83-21-23 to provide that, when placing nonadmitted insurance for an exempt commercial purchaser, a surplus lines insurance producer is not required to make a due diligence search to determine whether the full amount or type of insurance can be obtained from admitted insurers; amends §§83-21-25, 83-21-27 and 83-21-29 to make certain technical and nonsubstantive changes; amends §83-34-4 to provide that each insured in this state who directly procures or renews insurance with a nonadmitted insurer on properties, risks or exposures located in this state, other than insurance procured through a surplus lines licensee, shall be subject to the nonadmitted policy fee which shall be paid pursuant to the procedures provided for premium taxes.

S.B. 2904
Died on calendar 2/10/11
Amends §83-21-17 to revise the provisions of laws regarding the eligibility of nonadmitted insurers to write business in the state of Mississippi; creates a new section of law to be codified as §83-21-18 to authorize the commissioner of Insurance to enter into an agreement with other states to establish procedures for allocating premium taxes; amends §83-21-19 to revise the licensing provisions for resident and nonresident surplus lines insurance producers; amends §83-21-21 to provide that stamping procedures may apply to the reporting, payment, collection and allocation of premium taxes for nonadmitted insurance consistent with any agreement, compact or procedures entered into by the commissioner of Insurance; amends §83-21-23 to provide that, when placing nonadmitted insurance for an exempt commercial purchaser, a surplus lines insurance producer is not required to make a due diligence search to determine whether the full amount or type of insurance can be obtained from admitted insurers; amends §§83-21-25, 83-21-27 and 83-21-29 to make certain technical and nonsubstantive changes; amends §83-34-4 to provide that each insured in this state who directly procures or renews insurance with a nonadmitted insurer on properties, risks or exposures located in this state, other than insurance procured through a surplus lines licensee, shall be subject to the nonadmitted policy fee which shall be paid pursuant to the procedures provided for premium taxes. 

Missouri

H.B. 523
Passed House 4/26/11
This act adopts amendments to the insurance code to comply with the federal Nonadmitted and Reinsurance Reform Act of 2010 (NRRA) relating to surplus lines insurance. The NRRA will preempt certain state laws that are inconsistent with the act's provisions, which are designed to bring about a certain amount of uniformity in the areas of licensing of surplus lines insurance professionals, the standards under which surplus lines insurance may be sold, and the taxes that may be collected from the sale of surplus lines insurance. The act adds definitions to "The Missouri Surplus Lines Law". The act adds the terms "exempt commercial purchaser", "home state", "nonadmitted insurance" and "qualified risk manager" to the definition section of the Missouri Surplus Lines Law. The definitions for such terms are consistent with the NRRA (15 USC 8206). Under the terms of the act, surplus lines insurance may be placed by a surplus lines licensee if the insurer is authorized to write the type of insurance in its domiciliary jurisdiction. The act modifies the requirements and qualifications for nonadmitted insurers to furnish coverage. A surplus lines licensee shall not place coverage with a nonadmitted insurer unless the licensee determines that the nonadmitted insurer: (1) Meets the capital and surplus requirements of Missouri or $15 million (the director may waive the financial requirements if the nonadmitted insurer's capital and surplus is at least $4.5 million and the director finds the insurer is acceptable); and (2) Appears on the most recent list or eligible surplus lines insurers published by the director or appears on the most recent quarterly listing of alien insurers maintained by the NAIC. Under the terms of the act, a surplus lines licensee seeking to place nonadmitted insurance in Missouri for an exempt commercial purchaser shall not be required to satisfy any requirement to make a due diligence search to determine whether the full amount or type of insurance by the exempt commercial purchaser can be obtained from nonadmitted insurers if: (1) The surplus lines licensee placing the surplus lines insurance has disclosed to such exempt commercial purchaser that the insurance may or may not be available from the admitted market that may provide greater protection with more regulatory oversight; and (2) The exempt commercial purchaser has subsequently requested in writing the surplus lines licensee to place such insurance from a nonadmitted insurer . This act modifies the licensing requirements for insurance producers in the surplus lines insurance market. Beginning on or before July 1, 2012, the director shall participate in the national insurer database of the NAIC for the licensure of surplus lines licensees and the renewal of such licensees. Under the act, a person selling nonadmitted insurance with respect to an insured shall be required to obtain or possess a current surplus lines insurance issued by the director only if this state is the insured's home state. Under this act, every insured or self-insurer whose home state is Missouri who procures surplus lines insurance, other than through a surplus lines broker, must file a report describing the names of the insureds, the subject of the insurance and other prescribed information. Under the terms of this act, only the home state of the insured will have the authority to tax and regulate the placement of such policies, regardless of where portions of the risk is located. The act imposes the current five percent tax on insureds and self-insurers whose home state is this state on the gross amount of the premium (current law is net amount). The five percent tax shall be levied upon and only upon the entire gross premium for nonadmitted or surplus lines insurance policies for which the home state of the insured is Missouri. The placement of nonadmitted insurance shall be subject to the statutory and regulatory requirements of Missouri law only if this state is the insured's home state. A surplus lines broker is required to be licensed as a surplus lines licensee under the provisions of this chapter only if this state is the insured's home state.

H.B. 773
Passed House 4/28/11
This bill changes the laws regarding the regulation of surplus lines insurance to comply with the federal Nonadmitted and Reinsurance Reform Act of 2010 (NRRA) to bring about uniformity in the licensing of surplus lines insurance professionals, the standards under which surplus lines insurance may be sold, and the taxes that can be collected from the sale of surplus lines insurance.

S.B. 132
Signed by governor 7/7/11
This act adopts amendments to the insurance code to comply with the federal Nonadmitted and Reinsurance Reform Act of 2010 (NRRA) relating to surplus lines insurance. The NRRA will preempt certain state laws that are inconsistent with the act's provisions, which are designed to bring about a certain amount of uniformity in the areas of licensing of surplus lines insurance professionals, the standards under which surplus lines insurance may be sold, and the taxes that may be collected from the sale of surplus lines insurance. The act adds definitions to "The Missouri Surplus Lines Law" (§§384.011 to 384.071). The act adds the terms "exempt commercial purchaser", "home state", "nonadmitted insurance" and "qualified risk manager" to the definition section of the Missouri Surplus Lines Law. The definitions for such terms are consistent with the NRRA (15 USC 8206)(§384.015). Under the terms of the act, surplus lines insurance may be placed by a surplus lines licensee if the insurer is authorized to write the type of insurance in its domiciliary jurisdiction (§384.017). The act modifies the requirements and qualifications for nonadmitted insurers to furnish coverage. A surplus lines licensee shall not place coverage with a nonadmitted insurer unless the licensee determines that the nonadmitted insurer: (1) Meets the capital and surplus requirements of Missouri or $15 million (the director may waive the financial requirements if the nonadmitted insurer's capital and surplus is at least $4.5 million and the director finds the insurer is acceptable); and (2) Appears on the most recent list or eligible surplus lines insurers published by the director or appears on the most recent quarterly listing of alien insurers maintained by the NAIC. Under the terms of the act, a surplus lines licensee seeking to place nonadmitted insurance in Missouri for an exempt commercial purchaser shall not be required to satisfy any requirement to make a due diligence search to determine whether the full amount or type of insurance by the exempt commercial purchaser can be obtained from nonadmitted insurers if: (1) The surplus lines licensee placing the surplus lines insurance has disclosed to such exempt commercial purchaser that the insurance may or may not be available from the admitted market that may provide greater protection with more regulatory oversight; and (2) The exempt commercial purchaser has subsequently requested in writing the surplus lines licensee to place such insurance from a nonadmitted insurer (§384.021). This act modifies the licensing requirements for insurance producers in the surplus lines insurance market. Beginning on or before July 1, 2012, the director shall participate in the national insurer database of the NAIC for the licensure of surplus lines licensees and the renewal of such licensees. Under the act, a person selling nonadmitted insurance with respect to an insured shall be required to obtain or possess a current surplus lines insurance issued by the director only if this state is the insured's home state (§384.043). Under this act, every insured or self-insurer whose home state is Missouri who procures surplus lines insurance, other than through a surplus lines broker, must file a report describing the names of the insureds, the subject of the insurance and other prescribed information (§384.051). Under the terms of this act, only the home state of the insured will have the authority to tax and regulate the placement of such policies, regardless of where portions of the risk is located. The act imposes the current five percent tax on insureds and self-insurers whose home state is this state on the gross amount of the premium (current law is net amount) (§384.051). The five percent tax shall be levied upon and only upon the entire gross premium for nonadmitted or surplus lines insurance policies for which the home state of the insured is Missouri. The placement of nonadmitted insurance shall be subject to the statutory and regulatory requirements of Missouri law only if this state is the insured's home state. A surplus lines broker is required to be licensed as a surplus lines licensee under the provisions of this chapter only if this state is the insured's home state (§384.061).

S.B. 392
This act adopts amendments to the insurance code to comply with the federal Nonadmitted and Reinsurance Reform Act of 2010 (NRRA) relating to surplus lines insurance. The NRRA will preempt certain state laws that are inconsistent with the act's provisions, which are designed to bring about a certain amount of uniformity in the areas of licensing of surplus lines insurance professionals, the standards under which surplus lines insurance may be sold, and the taxes that may be collected from the sale of surplus lines insurance. Under the terms of this act, only the home state of the insured will have the authority to tax and regulate the placement of such policies, regardless of where portions of the risk is located. The act imposes the current five percent tax on insureds and self-insurers whose home state is this state on the gross amount of the premium (current law is net amount) (§384.051). The five percent tax shall be levied upon and only upon the entire gross premium for nonadmitted or surplus lines insurance policies for which the home state of the insured is Missouri. The placement of nonadmitted insurance shall be subject to the statutory and regulatory requirements of Missouri law only if this state is the insured's home state. A surplus lines broker is required to be licensed as a surplus lines licensee under the provisions of this chapter only if this state is the insured's home state (§384.061).

Montana

S.B. 331
Signed by governor 5/6/11, Chapter 350
This bill generally revises surplus lines insurance law; authorizes the commissioner of insurance to enter into cooperative or reciprocal agreements with other states or a clearinghouse for the purpose of collecting, allocating, and disbursing premium taxes and fees attributable to multistate risks; revises definitions defining "exempt commercial purchaser" and "qualified risk manager"; provides exclusive regulatory and taxing authority to the home state of the insured; exempts surplus lines insurance producers from diligent search requirements under certain circumstances; specifies certain licensing requirements; revises requirements pertaining to unauthorized insurers; establishes reporting requirements; establishes a tax rate on surplus lines premiums; expands the commissioner's rulemaking authority; revises exemptions to be consistent with the exclusive regulatory jurisdiction of the home state of the insured; establishes the functions of the surplus lines insurance advisory organization.

Nebraska

L.B. 70
Signed by governor 4/26/11
Amends various sections of the Surplus Lines Insurance Act to conform it to the requirements of the federal Non-Admitted and Reinsurance Reform Act of 2010 ("NRRA") passed as part of Dodd-Frank Wall Street Reform and Consumer Protection Act (Pub.L. 111-203, H.R. 4173).

Nevada

A.B. 74
Signed by governor 6/17/11, Chapter 506
Relates to insurance; requiring the commissioner of Insurance to adopt regulations relating to electronic signatures, records and payments; revises provisions relating to the external review of adverse determinations by enacting the National Association of Insurance Commissioners’ Uniform Health Carrier External Review Model Act; clarifies the circumstances under which an actuary is not liable for damages with respect to the actuary’s opinion; authorizes the electronic transmission of fingerprints with an application for a license; revises provisions relating to the licensing of adjusters; revises provisions relating to surplus lines insurance; revises provisions relating to the use of credit information; requires that certain policies of group insurance be filed with and approved by the commissioner; revises provisions relating to annuities, pure endowment contracts and policies of life insurance; revises provisions relating to evidence of insurance for motor vehicles; revises provisions relating to disciplinary action by the commissioner; revises and clarifies provisions relating to employee leasing companies; provides a penalty. 

S.B. 289
Signed by governor 6/13/11, Chapter 355
Revises provisions relating to nonadmitted insurance; authorizes the commissioner of Insurance to enter the Nonadmitted Insurance Multi-State Agreement; revises provisions relating to the assessment and disbursement of taxes on nonadmitted insurance.

New Hampshire

H.B. 424
Signed by governor 6/14/11, Chapter 191
This bill enables premium taxes for nonadmitted insurance, including surplus line insurance, to be collected and disbursed. This bill also allows a foreign insurance company to be designated as a surplus line insurer under certain circumstances.

New Jersey

A.B. 2670
Signed by governor 3/22/11, Chapter 39
S.B. 2010
Enacts the Reinsurance and Surplus Lines Stimulus and Enhancement Act.

A.B. 4110
A.B. 4224
Substituted by S.B. 2930 6/29/11
S.B. 2930
Signed by governor 8/18/11, Chapter 119
Revises method of regulation and collection of surplus lines insurance premium taxes.

New Mexico

S.B. 250
Signed by governor 4/8/11, Chapter 156
Relates to surplus lines insurance; enacts and enters into the surplus lines insurance multistate compliance compact; limits the regulation of nonadmitted insurers to conform to federal law; provides for the allocation of premiums.

New York

A.B. 4011
Substituted 3/30/11
S.B. 2811
Signed by governor 3/31/11, Chapter 6
Conforms laws to the federal Dodd-Frank Wall Street Reform and Consumer Protection Act.

A.B. 7786
S.B. 4869
Passed Senate 6/14/11
Establishes the surplus lines insurance multi-state compliance compact with respect to surplus lines insurance and premium tax allocation.

North Carolina

H.B. 299
S.B. 321
Signed by governor 6/13/11, Chapter 120
Conforms provisions of North Carolina surplus lines insurance laws to the federal Nonadmitted and Reinsurance Reform Act of 2010, to streamline applications for commercial purchasers, and to prevent any loss of premium tax revenue to the state.

North Dakota

H.B. 1123
Signed by governor 4/19/11
Relates to surplus lines insurance and enactment of the surplus lines insurance multistate compliance compact.

Ohio

H.B. 122
Signed by governor 3/18/11, Session Law 5
Amends §§3901.17, 3905.30, 3905.31, 3905.33, 3905.34, 3905.36, 3905.37, and 3905.38 and enacts §3905.331 of the Revised Code to exempt state surplus lines insurance from regulation in Ohio when Ohio is not the home state of the insured and to make other changes to the law regulating surplus lines insurance.

S.B. 102
Amends §§3901.17, 3905.30, 3905.31, 3905.33, 3905.34, 3905.36, 3905.37, and 3905.38 and enacts §3905.331 of the Revised Code to exempt state surplus lines insurance from regulation in Ohio when Ohio is not the home state of the insured and to make other changes to the law regulating surplus lines insurance.

Oklahoma

H.B. 2072
Signed by governor 5/26/11, Chapter 360
Relates to insurance; relates to the Oklahoma Insurance Code; creates the Unauthorized Insurers and Surplus Lines Insurance Act.

H.B. 2073
Passed House 3/17/11
Relates to insurance; authorizes the Insurance commissioner to negotiate certain compacts and agreements; establishes presumption certain actions shall be within discretion of commissioner; authorizes certain disapproval by the Legislature or governor; establishes procedure; establishes presumption that certain agreements shall be approved; authorizes commissioner to promulgate certain rules; provides for codification.

S.B. 778
Signed by governor 5/19/11, Chapter 278
Creates the Unauthorized Insurers and Surplus Lines Insurance Act; specifies that certain surplus lines premiums shall be subject to surplus premium tax pursuant to certain agreements entered into by the Insurance commissioner.

S.B. 959
To conference committee 5/9/11
Relates to collection of surplus lines taxes; authorizes the Insurance Commissioner to enter into certain agreement for the purpose of complying with federal law; provides for codification.

Oregon

H.B. 2679
Signed by governor 8/2/11, Chapter 660
Authorizes the director of Department of Consumer and Business Services to enter compact with other states to allocate among states premium taxes paid to insured's home state. Imposes surplus lines insurance tax and reporting requirements on independently procured insurance policyholders. Authorizes director to collect taxes on premiums for home state risks. Revises calculation of surplus lines premium tax paid by surplus lines licensee. Changes calculation of fire insurance premium tax paid by surplus lines licensee. Waives diligent search requirements for surplus lines insurance for insureds who meet certain qualifications. Modifies requirements for nonadmitted insurer receiving coverage placed by surplus lines licensee. Authorizes Surplus Line Association of Oregon to collect reports and taxes from insureds obtaining independently procured insurance.

Pennsylvania

H.B. 1599
Amends the act of July 6, 1917 (P.L.723, No.262), entitled "An act imposing a tax on premiums of insurance and reinsurance in foreign insurance companies and associations not registered in this Commonwealth; provides the method of collection of such tax, and imposing penalties," further provides for tax on contracts with unauthorized companies and deductions.

H.B. 1601
Amends the act known as The Insurance Company Law of 1921, further providing for purpose, for definitions, for acting for or aiding nonadmitted insurers, for requirements for eligible surplus lines insurers, for surplus lines licensee's duty to notify insured, for exempt risks, for surplus lines advisory organizations, for licensing of surplus lines licensee, for surplus lines licensees may accept business from insurance producer, for surplus lines tax, for tax on independently procured insurance and for suspension, revocation or nonrenewal of surplus lines licensee's license.

S.B. 1096
Signed by governor 6/30/11, Act 28
Amends the act of May 17, 1921 (P.L.682, No.284), known as The Insurance Company Law of 1921, further providing for purpose, for definitions, for acting for or aiding nonadmitted insurers, for requirements for eligible surplus lines insurers, for surplus lines licensee's duty to notify insured, for exempt risks, for surplus lines advisory organizations, for licensing of surplus lines licensee, for surplus lines licensees may accept business from insurance producer, for surplus lines tax, for tax on independently procured insurance and for suspension, revocation or nonrenewal of surplus lines licensee's license.

Puerto Rico
none
Rhode Island

H.B. 5110
Signed by governor 5/27/11, Chapter 20
This act establishes the surplus lines insurance multi-state compliance compact to protect the premium tax revenues of the compacting states through facilitating the payment and collection of premium tax on non-admitted insurance, and to protect the interests of the compacting states by supporting the continued availability of such insurance to consumers.

H.B. 5569
This act decreases the surplus lines insurance gross premiums charged by the insurers from four percent to two percent.

H.B. 5953
Signed by governor 5/27/11, Chapter 14
This act provides the authority necessary to bring Rhode Island into compliance with the Nonadmitted and Reinsurance Reform Act of 2010 ("NRRA") enacted as part of the Dodd/Frank Wall Street Reform and Consumer Protection Act of 2010. The NRRA requires changes to state laws to adopt the national standards specified in the NRRA.

H.B. 5954
This act provides the authority necessary to allow Rhode Island enter into a multistate surplus lines agreement. The Nonadmitted and Reinsurance reform Act of 2010 ("NRRA") enacted as part of the Dodd/Frank Wall Street Reform and Consumer Protection Act of 2010 requires that the states come to an agreement and establish a methodology to distribute premium tax on multistate surplus line risks. This legislation will allow Rhode Island to participate in a clearinghouse which accomplishes this objective. If the various states do not come to an agreement the "home state" of the insured will be allowed to collect and retain all of the tax.

S.B. 88
Signed by governor 5/27/11, Chapter 29
This act establishes the surplus lines insurance multi-state compliance compact to protect the premium tax revenues of the compacting states through facilitating the payment and collection of premium tax on non-admitted insurance, and to protect the interests of the compacting states by supporting the continued availability of such insurance to consumers.

S.B. 758
Signed by governor 5/27/11, Chapter 22
This act provides the authority necessary to bring Rhode Island into compliance with the Nonadmitted and Reinsurance Reform Act of 2010 ("NRRA") enacted as part of the Dodd/Frank Wall Street Reform and Consumer Protection Act of 2010. The NRRA requires changes to state laws to adopt the national standards specified in the NRRA.

S.B. 760
This act provides the authority necessary to allow Rhode Island enter into a multistate surplus lines agreement. The Nonadmitted and Reinsurance reform Act of 2010 ("NRRA") enacted as part of the Dodd/Frank Wall Street Reform and Consumer Protection Act of 2010 requires that the states come to an agreement and establish a methodology to distribute premium tax on multistate surplus line risks. This legislation will allow Rhode Island to participate in a clearinghouse which accomplishes this objective. If the various states do not come to an agreement the "home state" of the insured will be allowed to collect and retain all of the tax.

South Carolina
none
South Dakota

H.B. 1030
Signed by governor 2/17/11, Chapter 223
Revises the provisions relating to placement of surplus lines insurance and tax allocation of surplus lines insurance.

Tennessee

H.B. 966
Signed by governor 6/10/11, Public Chapter 446
S.B. 1025
Substituted 5/18/11
Enacts the "Surplus Lines Insurance Act" and the Surplus Lines Insurance Multi-State Compliance Compact.

H.B. 1628
S.B. 1662
Revises licensing requirements for surplus lines agents.

S.B. 1657
Revises licensing requirements for surplus lines agents.

Texas

H.B. 1, Special Session
S.B. 1, Special Session
Signed by governor 7/19/11
Relates to state fiscal matters to include public school finance, an insurer examination or evaluation fee credit, insurer premium tax credits, state sales and use tax and franchise tax refunds, school district tax sources, bulk petroleum delivery fees, motor fuel taxes, alcoholic beverage taxes, cigarette tax stamps, sales and service taxes, motor vehicle rental taxes, the surplus lines multistate compact, stored property taxation, public contracting, and agricultural taxation.

H.B. 1535
Relates to the participation of this state in the Surplus Lines Insurance Multi-State Compliance Compact.

H.B. 2698
This bill amends Chapter 981 of the Insurance Code, regarding surplus lines insurance. The bill limits the applicability of this chapter to insurance that is issued to an insured whose home state is this state; exempt certain commercial purchasers from certain restrictions on the purchasing of surplus lines insurance; and provide that a person that issues a policy of surplus lines insurance and, at the time the policy is issued, has failed to pay a statutory penalty or premium tax due is engaged in the unauthorized business of insurance. The bill replaces certain capital requirements for alien surplus lines insurers with a requirement that an alien surplus line insurer be listed on the Quarterly Listing of Alien Insurers maintained by the National Association of Insurance Commissioners, except that an alien surplus lines insurer eligible under Insurance Code §981.058 as it existed immediately prior to the effective date of this act would continue to be an eligible surplus lines insurer until January 1, 2013.

H.B. 3410
Signed by governor 6/17/11
Relates to the underwriting authority of certain surplus lines insurance agents and to the collection of surplus lines insurance premium taxes in certain circumstances.

H.B. 3790
Postponed 5/3/11
S.B. 1811
To conference committee 5/21/11
The bill expands the definition of what constituted a premium subject to premium taxes. It specifies that premium taxes would not be imposed on nonadmitted insurance premiums consistent with the federal Nonadmitted and Reinsurance Reform Act of 2010. It authorizes the comptroller to establish by rule an alternate basis for taxation for the purpose of achieving uniformity and make adjustments for taxes on multistate policies in which Texas was in a cooperative agreement or compact with another state on the allocation of the tax.

H.B. 3799
Tabled 5/13/11
S.B. 1806
Signed by governor 5/28/11, Chapter 197
Relates to timely filing of surplus lines policy; provides penalties.

Utah

H.B. 316
Signed by governor 3/23/11, Chapter 275
This bill: prohibits local taxation of surplus lines insurance transactions; defines terms; authorizes the commissioner to enter into an agreement related to surplus lines insurance; addresses the collection of taxes and fees, if an agreement is entered into, for coverage of property, risks, or exposures located or to be performed in and out of this state; and makes technical and conforming amendments.

Vermont

H.B. 164
This bill proposes to require Vermont to enter into the Surplus Lines Insurance Multi-state Compliance Compact.

S.B. 36
Signed by governor 5/29/11, Act 49
This bill requires Vermont to enter into the surplus lines insurance multi-state compliance compact.

Virginia

H.B. 2286
Signed by governor 3/24/11, Chapter 498
Eliminates the requirement that a surplus lines broker be licensed in Virginia unless the broker is selling, soliciting, or negotiating contracts of insurance for insureds whose home state is Virginia. The measure also establishes uniform eligibility requirements for the approval of nonadmitted, or unlicensed, insurers in Virginia and clarifies that surplus lines premium taxes will be collected for risks whose home state is Virginia. The amendments implement provisions of the federal Nonadmitted and Reinsurance Reform Act of 2010.

S.B. 1124
Signed by governor 4/6/11, Chapter 850
Transfers the administration of the gross premiums on certain insurance companies from the State Corporation Commission to the Department of Taxation. Surplus lines brokers that fail to file required reports are subject to fines and penalties. Provisions regarding the tax on surplus lines insurance policies are effective July 1, 2011. Other provisions shall become effective for the taxable year on or after January 1, 2013.

Washington

H.B. 1694
Signed by governor 4/11/11, Chapter 31
S.B. 5397
Modifies taxation provisions regarding surplus lines premiums. Exempts surplus lines purchases by certain commercial purchasers from the diligent effort search by a surplus lines broker. Makes changes to the reporting requirements of surplus lines brokers.

West Virginia

H.B. 2963
S.B. 435
Signed by governor 4/5/11
Relates to surplus lines insurance; defines terms; provides for compliance with the federal Nonadmitted and Reinsurance Reform Act of 2010; authorizes Insurance commissioner to enter into multistate agreement regarding taxation of surplus lines insurance; establishs a blended taxation rate with respect to policies involving multistate risks; authorizes participation in clearinghouse for allocation of taxes; specifies disbursement and distribution of moneys; and exempts certain large entities from compliance with due diligence requirements.

Wisconsin
none
Wyoming

H.B. 242
Signed by governor 3/2/11, Chapter 103
Provides for interstate cooperation in regulation of surplus lines; provides for computation of tax on surplus lines; provides definitions.

 

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