A Member Says: 

"The Council is the single most important membership that our firm participates in. Everything from networking with peers who perform around the country at our level, access to our key legislators which has been invaluable for us, and advocacy and representing us at the federal level on very important issues that directly impacts our ability to continue to grow."

Surplus Lines Reform

In July 2010, The Council-initiated surplus lines provisions of the House-passed Non-admitted and Reinsurance Reform Act were signed into law as part of the larger financial regulatory overhaul included in the Dodd-Frank Act. The law is designed to simplify regulations governing the surplus lines insurance market by consolidating regulatory oversight into the home state of the insured. 

The Surplus Lines Reform Information Center will evolve along with upcoming regulatory clarity, and we will keep you posted of significant developments as they occur.  If you have any questions on these materials, please contact Joel Wood at joel.wood@ciab.com.    

Recent News & Updates

•  Updated! NRRA Compliance Guide  (May 6, 2012) 
•  Updated! Jurisdictions by Surplus Lines Tax Regime Type  (May 6, 2012)
•  Updated! State Surplus Lines Premium Tax Legislation Chart (May 4, 2012) 

Background Information 

•  Webcast Download: Council Addresses Producer Licensing, Surplus Lines at Insurance Regulation Modernization Conference (Dec 09, 2011)
• Council Expresses Continued Frustration Over NRRA (Nov 18, 2011)
•  Statement to the House Financial Services Subcommittee (Nov 16, 2011)
• Surplus Lines Update (Nov 7, 2011)
• Recent Developments on Surplus Lines Reform Implementation (Oct 27, 2011)
• Letters to States Regarding Compliance with the NRRA  (Aug 15, 2011)
•  NRRA Implementation FAQs (Aug 3, 2011)  
• Surplus Lines Reform Effective July 21; Compliance Resources Available (Jul 15, 2011)
•  Webinar Recording: Implementing Surplus Lines Reform  (Jun 29, 2011)
•  Open Letter to Insurance Regulators and Legislators (Nov 18, 2010)
•  Description of Surplus Lines Provisions (Jul 15, 2010)
•  Senate Passes Financial Services Regulatory Reform Bill (May 21, 2010)