A replay of the NAPSLO sponsored a webinar - Surplus Lines Reforms: What You Need to Know About the New Federal Law - on the implementation of the surplus lines provisions of the Non-Admitted and Reinsurance Reform Act is now available to view and the PowerPoint presentations used in the webinar are available to download.
The August 19th webinar reviewed what agents, brokers, carriers and regulators need to know about regarding implementing the Non-Admitted & Reinsurance Reform Act, contained in the financial services reform bill approved in July 2010.
The surplus lines reform language mandates that beginning one year after the bill is signed into law the home state of the insured will be the only state with jurisdiction over the transaction and the only state to which a broker must pay taxes.
No comments:
Post a Comment