Louisiana Legislation to Increase NRRA Alignment

The Louisiana House of Representatives will consider House Bill 543, a bill designed to bring parts of Louisiana statutes into line with the Nonadmitted and Reinsurance Reform Act of 2010.  The bill deletes a number of eligibility requirements from Louisiana law that would otherwise conflict with the NRRA.  In addition, the bill would eliminate the requirement for a diligent search affidavit when placing personal lines of business.  Additional amendment to the Bill have recently been proposed that would eliminate the white list and create a voluntary approved list. NAPSLO is tracking the bill’s progress; members can access the tracker through the StateNet tool here: http://www.napslo.org/imispublic/AM/Template.cfm?Section=Pending_Laws_and_Rules&Template=/MembersOnly.cfm&NavMenuID=901&ContentID=8340&DirectListComboInd=D