An ad-hoc group of Surplus Lines interested parties held their semi-annual meeting on March 27, 2015 in Scottsdale, AZ.
NARAB II, TRIA reauthorization, cyberinsurance, Dodd-Frank and Ride Sharing insurance related matters were among the many issues discussed on several panels.
There were also discussions relating to:
As usual, lack of uniformity in the states and the lack of full understanding of the surplus lines market are the main issues of concern.
Also, of interest, is the apparent demise of Slimpact, which the surplus lines industry hoped was the answer to multi-state premium tax issues. Many states have now moved to taxing 100% of the premium (U.S. portion only) and no longer allocate based on a formula.
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