House Tries Again To Untangle Surplus Lines Rules

Law360, New York (May 22, 2009, 12:00 AM EDT) -- Insurance organizations are applauding an effort by Reps. Dennis Moore, D-Kan., and Scott Garrett, R-N.J., to revive a bill that aims to simplify the rules governing taxation, regulation and accessibility of multistate surplus lines insurance.

The Nonadmitted and Reinsurance Reform Act of 2009, introduced in the U.S. House of Representatives on Thursday, seeks to bring efficiency and pare down redundancies to the surplus lines insurance market, called the "safety net of the insurance market" by Moore, through which consumers to seek out-of-state coverage from insurers not...
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