Unable to meet a looming November 15, 2011 deadline for the establishment of a Clearinghouse for the collection and distribution of surplus lines premium taxes, representatives of Nonadmitted Insurance Multi-State...
The Surplus Lines Insurance Multi-State Compliance Compact (“SLIMPACT”) Commission (“Commission”) met via Webinar on Tuesday, October 11, 2011, to review and discuss proposed changes to its...
At its meeting today, October 4, 2011, the Florida Surplus Lines Service Office (“FSLSO”) National Clearinghouse Committee (“Committee”) approved initial drafts of the software licensing and service...
The Surplus Lines Insurance Multi-State Compliance Compact (“SLIMPACT”) Commission (“Commission”) will review its draft bylaws when it meets via Webinar on October 11, 2011. Draft copies of the...
With little discussion at its meeting today, September 29, 2011, the Florida Surplus Lines Service Office (“FSLSO”) Board of Governors (“Board”) approved an $8.2 million 2012 budget, which...
Opting to use reserve funds to cover a projected $2.6 million budget deficit instead of raising Florida’s surplus lines service fee, the Florida Surplus Lines Service Office (“FSLSO”) Board of...
The Florida Surplus Lines Service Office (“FSLSO”) National Clearinghouse Committee (“Committee”) heard an update today, September 15, 2011, on the status of two pending service contracts to...
The Nonadmitted Insurance Multi-State Agreement (“NIMA”) Governing Committee (“Committee”) met via teleconference yesterday, September 13, 2011, during which it voted to approve amendments to...
The Nonadmitted Insurance Multi-State Agreement (“NIMA”) Governing Committee will hold a conference call today, September 13, 2011 at 3:30pm (ET). The agenda, a copy of which is attached for review,...
By Crady deGolian, Council of State Governments Currently, out of approximately 215 existing active interstate compacts, each state belongs to 25 different agreements, on average. The use of interstate compacts has evolved...