In the portion of the Dodd-Frank Act known as the Nonadmitted and Reinsurance Reform Act, Congress established a public policy and stated its desire that “each State adopt nationwide uniform requirements, forms, and procedures, such as an interstate compact, which provide for the reporting, payment, collection, and allocation of premium taxes for nonadmitted insurance ….” 15 U.S.C. § 8201(b)(4) . In a Special Focus article we provide an update on the lack of progress made by the states towards this goal.
This post written by Rollie Goss.
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