Status of SLIMPACT to be reviewed during NAIC meeting

Industry representatives who worked on drafting SLIMPACT will be meeting on Monday, March 16 at the Spring NAIC meeting in San Diego.

The meeting is not intended to be a drafting or redrafting session, but to discuss the status of SLIMPACT and other related matters and issues.

SLIMPACT is an interstate compact which could clarify the law and ease the regulatory burdens on E&S brokers when placing multistate risks; allow each compacting state to collect taxes on all nonadmitted risks where risk exposures are present in the compacting state(s); and save E&S brokers, over time, hundreds of millions of dollars in frictional costs associated with current efforts to comply and pay taxes state by state on each multistate risk the broker places.

For more information contact NAPSLO Director of Government Relations Steve Stephan.

Foundation Created Recognizing Mary Ellen Rozzell

“The Mary Ellen Rozzell Foundation for AVM Research” has been created. Donations can be made payable to same and sent to Continental Marmorstein & Malone, c/o Sue Bishop Mischler, 305 Route 17 South, Paramus, NJ 07652.

Services for Mary Ellen Rozzell Announced

Services for NAPSLO Past President Mary Ellen Rozzell will take place on Monday, March 9 at 9:30 a.m. at St. Mary’s Church, 91 Home Avenue, Rutherford, NJ 07070.

Viewing at Collins Calhoun Funeral Home will be on Saturday, March 7 from 2:00 p.m. – 4:00 p.m. and 7:00 p.m. – 9:00 p.m. Viewing on Sunday, March 8 will be from 1:00 p.m. – 4:00 p.m. only. The funeral home is located at 19 Lincoln Ave., Rutherford, NJ 07070 and the phone number is (201) 939-1050.