Tuesday, April 03, 2007

Interstate Compact, legislative issues reviewed

Current legislative issues were reviewed by Steve Stephan, NAPSLO’s Director of Government Relations, at the recent Surplus Lines Association of Washington’s conference in late March in Seattle, Washington.

Stephan was a luncheon speaker at the meeting and discussed the Nonadmitted and Reinsurance Act of 2007 currently pending in both houses of congress; Medical Malpractice data reporting; attempts by states to reconcile surplus lines taxes; and the proposed interstate compact for multistate compliance on remittance of surplus lines taxes.

Mr. Stephan said that NAPSLO has been working with other industry groups to draft a compact and plans on working with the NAIC and NCOIL and the various state legislatures to get the compact approved.

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