We are happy to provide the 2025 update to the Troutman Pepper Locke LLP Excess and Surplus Lines Law Manual. This edition reflects all of the pertinent changes in the surplus lines laws and regulations of the 50 states and U.S. territories during the past year. You can click below to download a pdf of the entire manual.
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Update: LL Surplus Lines Series (Entry 35): Surplus Lines Working Group Exposes Changes to IID Plan of Operation for Alien Insurers
By John Emmanuel & Troutman Pepper Locke on
Posted in Excess and Surplus Lines, United States
At the December National Association of Insurance Commissioners (NAIC) Fall National Meeting, the Surplus Lines Working Group adopted changes to the IID Plan of Operation. The updated Plan of Operation incorporates, among others, the changes noted in our October posting below. The 2023 Plan of Operation is now available at the “Documents” tab of the Surplus Lines Working Group home page.”
On October 19, 2022, the National Association of Insurance Commissioners (NAIC) Surplus Lines Working Group exposed proposed changes to the International Insurers Department (IID) Plan of Operation applicable to insurers domiciled outside the U.S. (alien) participating in the U.S. insurance market.…
Complimentary Webinar: Developments in State Privacy Requirements for Connecticut Businesses
By Troutman Pepper Locke on
Locke Lord and the Association of Corporate Counsel – CT Chapter will host a complimentary webinar titled “Developments in State Privacy Requirements for Connecticut Businesses” on December 14, 2022.…
Texas Department of Insurance Adopts New Group Capital Calculation Rule
By Jon Gillum & Troutman Pepper Locke on
Posted in Texas Developments, United States
The Texas Department of Insurance (“TDI”) adopted a new group capital calculation filing requirement that is effective on November 7, 2022. The new rule, found in 28 Texas Administrative Code §7.215 (“Section 7.215”), is based on the National Association Insurance Commissioners (“NAIC”) model regulation that requires an insurer’s ultimate control person in an insurance holding company system to file a group capital calculation concurrently with the insurer’s annual registration (Form B).…
Illinois to Participate in the Climate Risk Disclosure Survey
By Jeffrey Bohn & Troutman Pepper Locke on
On October 13, 2022, the Illinois Department of Insurance (the “Department”) issued Company Bulletin 2022-16 (the “Bulletin”). The Bulletin is addressed to all domestic insurers and advises that the Department will now participate in the National Association of Insurance Commissioners Climate Risk Disclosure Survey (the “Survey”).…
LL Surplus Lines Series (Entry 34): Nonadmitted Model Act Moves Closer to Adoption; A Couple of Issues Remain Unresolved
By John Emmanuel & Troutman Pepper Locke on
On October, 17, 2022, the National Association of Insurance Commissioners (NAIC) Surplus Lines Task Force held an interim meeting to discuss, among other agenda items, the draft changes to the Nonadmitted Insurance Model Act (#870). The Drafting Group presented the draft model to the Task Force on May 23 and the Task Force formally exposed the model for a 60-day public comment period that ended on July 21st.…
Locke Lord to Sponsor The Insurance Forum on November 2
By Troutman Pepper Locke on
Locke Lord is a proud sponsor of The Insurance Forum on November 2, 2022 in Chicago. The program is offered in person and virtually. Locke Lord Partner Patrick Byrnes will moderate, and Senior Counsel Kenneth Suh and Associate Alexander Cox will serve as panelists, for “BIPA – The Familiar Face of Biometric Data Regulation.”…
Locke Lord Named Inside P&C 2022 Legal Services Provider of the Year
By Troutman Pepper Locke on
Posted in Uncategorized
Locke Lord has been named 2022 Legal Services Provider of the Year by Inside P&C. Inside P&C celebrates achievements and exceptional talent from the U.S. wholesale, specialty and reinsurance markets.…
The Rise of the Domestic Surplus Lines Insurer
By Zachary Lerner & Troutman Pepper Locke on
Posted in Excess and Surplus Lines, United States
Zachary Lerner, Partner in Locke Lord’s New York office, authored an article in the New York Law Journal discussing the rise of the Domestic Surplus Lines Insurer (DSLI), key benefits of pursuing the formation or purchase of a DSLI and the associated challenges.…
September 2022 Privacy & Cybersecurity Newsletter: Ch-ch-ch-changes – CA, NY DFS, and NFTs
By Troutman Pepper Locke on
Locke Lord’s Privacy & Cybersecurity Newsletter provides topical snapshots of recent developments in the fast-changing world of privacy, data protection, and cyber risk management. For further information on any of the subjects covered in the newsletter, please contact one of the members of our privacy and cybersecurity team.…