Monday, June 26, 2006

NAPSLO praises introduction of NARRA

The National Association of Professional Surplus Lines Offices, Ltd. (NAPSLO) the nation's leading trade association for surplus lines brokers and companies, praised the introduction of the Non-Admitted and Reinsurance Reform Act of 2006 (H.R. 5637), during a congressional hearing on June 21.

In testimony before the House Financial Services Committee, Subcommittee on Capital Markets, Insurance, and Government Sponsored Enterprises, Richard Bouhan, Executive Director and General Counsel for NAPSLO, praised Subcommittee Richard Baker and Representatives Ginny Brown-Waite (R-FL) and Dennis Moore (D-KS) for introducing this important regulatory reform legislation.

Many of the bill's provisions, including the creation of a uniform system of premium tax allocation and remittance, uniform standards for producer licenses, one-state compliance on multi-state surplus lines risks, and direct access to the surplus lines market for sophisticated purchasers are concepts long endorsed by NAPSLO.

For more information, read NAPSLO's press release.

Thursday, June 01, 2006

Convention Registration Materials Mailed

Registration materials for the 2006 NAPSLO Annual Convention in Chicago have been mailed to all NAPSLO members. In addition, the material may be downloaded from the NAPSLO website, under the Meetings section.

The convention is set for September 13-16 at the Hilton Chicago and rooms are also available at the Palmer House Hotel. The convention will open on Wednesday, September 13, with the Opening Reception. Programs start on Friday morning and Thursday is open for meetings with members.

CBS Newsman Mike Wallace will present the Derek Hughes/NAPSLO Educational Foundation Lecture Series presentation on Friday and there will be a Legislative Breakfast on Saturday.

Registration fees are $695 for the first five people from the same firm and $575 for the sixth or more delegate from the same firm. Spouse fees are $375.

The housing deadline is July 26 and registration fees increase to $765 for delegates and $400 for spouses as of July 27.

Reminder: NAPSLO has moved to new offices
200 N.E. 54th St. #200
Kansas City, MO 64118