NAPSLO’s online Surplus Lines Regulatory Compliance Course, launched in 2011, has been updated and improved to provide a more meaningful learning experience.
Key improvements include: updated surplus lines and commercial lines comparative year-end data; information and examples on working with the Nonadmitted Reinsurance and Reform Act (NRRA); and updated state requirements on diligent searches, tax report filings, and stamping fees.
The compliance course is aimed at professionals with less than two years of surplus lines compliance experience, and others who deal less frequently with compliance issues. Regulatory staff, brokers and support teams, and others who place business in the nonadmitted market will also benefit.
The course focuses on regulatory compliance while the recently introduced online Surplus Lines Fundamentals Course provides a general overview of the industry. Both courses continue to be available at no charge for a limited time.
The compliance course contains four sections and eight lessons, and the lessons contain learning objectives. Topics include: an overview of the industry; broker licensing and record keeping; surplus lines insurer eligibility; compliance process and procedures on diligent searches, tax remittance, policy disclosure and delivery, and independent procurement/industrial insured exemptions; and the NRRA.
An interactive glossary, links to excellent outside resources, sample state requirements, key general information for filings and reports, and lesson specific self-mastery tools, are part of the course. Learners can also send specific course questions to firstname.lastname@example.org.