Eric R. Dinallo, Superintendent of the New York Insurance Department, recently proposed an amendment to Regulation 41 (11 NYCRR 27) that governs the standards for excess lines placement (the “Proposed Regulation). The Proposed Regulation seeks to include additional risks to be insured by excess lines carriers on the New York Export List.
Excess and Surplus Lines
UPDATE: Surplus Lines Insurer Exemption Legislation Signed Into Law
By Troutman Pepper Locke on
Last week, Florida Governor Charlie Christ signed into law House Bill 853, previously discussed here, which exempts surplus lines insurers entirely from the provisions of Chapter 627, except where specifically stated otherwise. Chapter 627 contains Florida’s rate and form filing statutes. …
Congress Reintroduces Legislation Affecting the Insurance Industry
On May 21, 2009, three important pieces of insurance industry legislation, which failed to pass in previous years, were reintroduced in the United States House of Representatives. …
Edwards Angell Palmer & Dodge Half-day CLE Insurance & Reinsurance Seminars – June 2009
Edwards Angell Palmer & Dodge is delighted to announce that it will again this year host a half-day seminar which will be repeated in Bermuda, New York and Boston. …
UPDATE: Surplus Lines Insurer Exemption Legislation Passed By Florida Senate and House
By Troutman Pepper Locke on
Last week, both the Florida Senate and House passed legislation, Senate Bill 1894 and House Bill 853 respectively (the “Legislation”), to exempt surplus lines insurers entirely from the provisions of Chapter 627, except where specifically stated otherwise, which contains Florida’s rate and form filing statutes. …
UPDATE: Surplus Lines Insurer Exemption Legislation Makes Progress In Florida Senate And House
By Troutman Pepper Locke on
Florida Senate
On April 20, 2009, the Florida Senate Finance and Tax Committee (the “Senate Committee”) passed an amended Senate Bill 1894 (the “Senate Bill”) by a vote of 3-2.
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EAPD’s Excess and Surplus Lines Manual Annual Update Now Available Online
By Troutman Pepper Locke on
Posted in Excess and Surplus Lines, United States
EAPD is pleased to announce that its Excess and Surplus Lines Manual has been updated to reflect current legislative developments in the US.
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UPDATE: Amended Surplus Lines Insurer Exemption Legislation Passed By Florida Senate Judiciary Committee
By Troutman Pepper Locke on
On April 1, 2009, the Florida Senate Judiciary Committee passed an amended Senate Bill 1894 (the “Amended Bill”) by a vote of 5-4. The Amended Bill, while differing in form, incorporated some of the concepts proposed by Senator Jeremy Ring (D) that we reported about here.
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UPDATE: Florida Senate Committee Amends Surplus Lines Insurer Exemption Legislation
By Troutman Pepper Locke on
Legislation (Senate Bill 1894) introduced in the Florida Senate to exempt surplus lines insurers from the provisions of Chapter 627 has been amended by the Committee on Banking and Insurance and re-referred to the Judiciary Committee.
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Texas Department of Insurance Recommends Unauthorized Insurance Guaranty Fund
By Troutman Pepper Locke on
In the Biennial report of the Texas Department of Insurance (the “TDI”) to the 81st Texas Legislature, a recommendation was submitted to create an unauthorized insurance guaranty fund. …