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What's the Problem?. . What's the Problem?. State laws little changed since first surplus lines laws in New York in 1890. Evolution of US commerce and insurance markets. Gramm-Leach-Bliley Act (1999) unintended consequences. Conflicting, overlapping state laws impose compliance barriers for licensing, regulation, and taxation on multi-state transactions.
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1. The Nonadmitted & Reinsurance Reform Act:
2. What’s the Problem?
3. What’s the Problem?
4. History of Surplus Lines Reform
5. History of Surplus Lines Reform
6. History of Surplus Lines Reform
7. History of Surplus Lines Reform
8. Key Provisions of NRRA
9. Key Provisions of NRRASec. 521. Reporting, Payment, and Allocation of Premium Taxes.
10. Key Provisions of NRRASec. 521. Reporting, Payment, and Allocation of Premium Taxes.
11. Key Provisions of NRRASec. 522. Regulation of Nonadmitted Insurance by Insured’s Home State.
12. Key Provisions of NRRASec. 523. Participation in National Producer Database.
13. Key Provisions of NRRASec. 524. Uniform Standards for Surplus Lines Eligibility.
14. Key Provisions of NRRASec. 525. Streamlined Application for Commercial Purchasers.
15. “Exempt Commercial Purchaser”
16. Key Provisions of NRRASec. 526. GAO Study of Nonadmitted Insurance Market.
17. Key Provisions of NRRA
18. Key Provisions of NRRASec. 531. Regulation of Credit for Reinsurance and Reinsurance Agreements.
19. Key Provisions of NRRASec. 532. Regulation of Reinsurer Solvency.
20. How Will States Respond?
21. How Will States Respond?
22. How Will States Respond?
23. How Will States Respond?
25. Dodd-Frank Wall Street Reform & Consumer Protection Act(HR 4173)
26. Dodd-Frank Wall Street Reform & Consumer Protection Act (HR 4173)
27. Dodd-Frank Wall Street Reform & Consumer Protection Act (HR 4173)
28. Dodd-Frank Wall Street Reform & Consumer Protection Act (HR 4173)