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.
