Excess and Surplus Lines Archives - Page 13 of 14

Edwards Angell Palmer & Dodge Half-day CLE Insurance & Reinsurance Seminars – June 2009

May 6, 2009 | Antitrust, Asbestos, Coverage & Claims, D&O Liability, Excess and Surplus Lines, Industry Developments, Privacy/Data Security/Cyber Risk, Product Liability, Regulatory, Reinsurance | Bermuda, United States

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

May 4, 2009 | Excess and Surplus Lines, Florida Developments, Regulatory | United States

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

Apr 21, 2009 | Excess and Surplus Lines, Florida Developments, Regulatory | United States

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.

EAPD’s Excess and Surplus Lines Manual Annual Update Now Available Online

Apr 13, 2009 | 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.

UPDATE: Amended Surplus Lines Insurer Exemption Legislation Passed By Florida Senate Judiciary Committee

Apr 2, 2009 | Excess and Surplus Lines, Florida Developments, Regulatory | United States

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.

UPDATE: Florida Senate Committee Amends Surplus Lines Insurer Exemption Legislation

Apr 1, 2009 | Excess and Surplus Lines, Florida Developments, Regulatory | United States

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.

Texas Department of Insurance Recommends Unauthorized Insurance Guaranty Fund

Mar 9, 2009 | Excess and Surplus Lines, Regulatory | United States

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.

Florida Introduces Legislation to Exempt Surplus Lines Insurers from Form Filing Requirements

Feb 27, 2009 | Excess and Surplus Lines, Florida Developments, Regulatory | United States

Companion legislation has been introduced in the Florida House of Representatives and Senate to exempt surplus lines insurers from the provisions of Chapter 627, except when specifically stated otherwise, which contains Florida’s rate and form filing statutes.

House of Representatives to Reintroduce the Nonadmitted and Reinsurance Reform Act

Feb 12, 2009 | Excess and Surplus Lines, Federal Legislative Developments, Regulatory, Reinsurance, Tax Related Developments | United States

Reps. Dennis Moore (D-Kan.) and Scott Garrett (R-N.J.) recently announced their intention to reintroduce the Nonadmitted and Reinsurance Reform Act (the “NRRA”). As we previously reported here and here, the NRRA would establish national standards on how states may regulate and tax surplus lines insurers and also sets national standards concerning the regulation of reinsurance.

NJ Supreme Court Finds Umbrella Policy Issued by Excess/Surplus Lines Carrier Not Subject to Automatic Renewal Statute

Feb 11, 2009 | Excess and Surplus Lines, New Jersey Developments, Regulatory | United States

The New Jersey Supreme Court has held that an umbrella policy issued by an excess/surplus lines insurer was not subject to the state’s automatic renewal statute. New Jersey has a statute which provides that no policy shall be “nonrenewed” on its expiration date unless a valid written notice of nonrenewal has been sent to the insured.

Topic: Excess and Surplus Lines

Edwards Angell Palmer & Dodge Half-day CLE Insurance & Reinsurance Seminars – June 2009

UPDATE: Surplus Lines Insurer Exemption Legislation Passed By Florida Senate and House

UPDATE: Surplus Lines Insurer Exemption Legislation Makes Progress In Florida Senate And House

EAPD’s Excess and Surplus Lines Manual Annual Update Now Available Online

UPDATE: Amended Surplus Lines Insurer Exemption Legislation Passed By Florida Senate Judiciary Committee

UPDATE: Florida Senate Committee Amends Surplus Lines Insurer Exemption Legislation

Texas Department of Insurance Recommends Unauthorized Insurance Guaranty Fund

Florida Introduces Legislation to Exempt Surplus Lines Insurers from Form Filing Requirements

NJ Supreme Court Finds Umbrella Policy Issued by Excess/Surplus Lines Carrier Not Subject to Automatic Renewal Statute

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