The provision stipulates that only the policyholder's home state can collect the premium taxes and requires state legislation to approve an allocation method.BRADFORD, MICHAELBusiness Insurance
Surplus Lines Compliance With the surplus lines market booming, our step-by-step services ensure you stay compliant in the non-admitted market. We offer policy filings, zero filings, premium tax reporting services, along with our Surplus Lines Industry Connection (SLIC) for uploading that includes...
December Premium Closes at $1.0B and $17B for the Year Third Quarter Report Review the report for the third quarter of 2024 to get a read on the status of the surplus lines marketplace and FSLSO operations. SLIP+ SLIP+ is here! The next generation of our premier surplus lines filing pl...
EXCESSANDSURPLUSLINES LAWSINTHEUNITEDSTATES INCLUDINGDIRECTPROCUREMENTTAXLAWS ANDINDUSTRIALINSUREDEXEMPTIONS JohnP.Dearie,Jr.–Editor ExcessandSurplusLinesLawsintheUnitedStatesisapublicationofEDWARDSANGELLPALMER&DODGELLPandshouldnotbeconstruedas legaladviceorlegalopiniononanyspecificfactsorcircumstances.Norepresentationsar...
In 2012, these errors affected the following Summary of Operations lines: Page 4, line 1 – Premiums Page 4, line 19 – Increase in aggregate reserves for life contracts Page 4, line 27 – Aggregate write-ins for deductions Page 4, line 40 – Change in net deferred income tax Page 4,...
Among other things, the measure would make accessing the surplus lines market easier for risk managers and set a uniform system of surplus lines premium tax allocation and remittance. It also would ease regulatory burdens on reinsurers. It cites several groups who welcomed the bill, which ...
in March 2011 concerning the simplification of premium tax payments. The issue lies on the interstate compact that needs to be created to simplify such payment in accordance with the Dodd-Frank Wall Street Reform and Consumer Protection Act. National Association of Professional Surplus Lines Offices ...
response of surplus lines insurance companies, brokers and policyholders to the Dodd-Frank Wall Street Reform and Consumer Protection Act enacted in 2010, which includes a provision prohibiting any stat...
Competition slows surplus lines premium growthAssesses the surplus lines premium volume and tax rates of the different American states. Reason of slow surplus lines premium growth; Survey of state surplus lines re...
The Nonadmitted and Reinsurance Reform Act introduced by Representatives Ginny Brown-Waite and Dennis Moore, would establish a uniform system of premium tax allocation and collection for surplus lines, and bar states from asserting the extraterritorial application of their laws. Further, the bill would...