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.
Read More Edwards Angell Palmer & Dodge Half-day CLE Insurance & Reinsurance Seminars – June 2009
Excess and Surplus Lines
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. …
Read More 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
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.
Mississippi Adopts NAIC Uniform Producer Licensing Standards
By Troutman Pepper Locke on
On March 26, 2009, Mississippi Governor Haley Barbour signed into law House Bill 777 (the “New Producer Law”), whereby the Mississippi Insurance Department will adopt the NAIC uniform standards for the licensing of producers.
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Read More Mississippi Adopts NAIC Uniform Producer Licensing Standards
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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Read More 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
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.
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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Read More UPDATE: Florida Senate Committee Amends Surplus Lines Insurer Exemption Legislation
UK: Changes Announced to Lloyd’s American Trust Fund (LATF)
By Troutman Pepper Locke on
In a market bulletin published on 5 March 2009, Lloyd’s announced new arrangements for the reporting, funding and settlement of LATF liabilities (excluding long term business). The bulletin states that these changes will take effect at the end of Q1 2009.
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Read More UK: Changes Announced to Lloyd’s American Trust Fund (LATF)
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. …
Read More Texas Department of Insurance Recommends Unauthorized Insurance Guaranty Fund
Florida Introduces Legislation to Exempt Surplus Lines Insurers from Form Filing Requirements
By Troutman Pepper Locke on
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.