Surplus Lines of Insurance

Surplus Lines of Insurance

• NAIC
  • content.naic.org/cipr-topics/surplus-lines
  • Surplus Lines (C) Task Force – [link]  
  • Surplus Lines (C) Working Group – [link]  
• 1981 – SOA – Asset Management for an Insurance Company, Society of Actuaries – 14p
• 2010 0722 – CRS – Surplus Lines Insurance: Background and Current Legislation – 9p

• Response To Written Questions of Senator Shelby from Richard Bouhan (Executive Director, National Association of Professional Surplus Lines Offices)
•  (p355) – Q.1. Will you please explain why you believe Federal legislation is needed to streamline the regulation of surplus lines insurance? 
• Q.2. Why should we not leave it to the NAIC to accomplish this task?
• A.2. The simple answer is that the NAIC cannot solve the problem.
  • It neither has the history nor is it, as a trade association representing state insurance regulators, structured to do so.
  • Moreover, the NAIC has no regulatory or enforcement authority that would allow it to accomplish this task.

2015 0428 – GOV (Senate) – The State of the Insurance Industry and Insurance Regulation, Richard Shelby (R-AL)  —  [BonkNote]

The Current State of Insurance Regulation, Oversight and Ways to Enhance Consumer Protection, Promote Competition and Efficiency, and to Address What Role, if any, the Federal Government should play