Things to Consider When Charging Broker Fees February 18, 2019 By Richard Brown and Jeffrey M. Klein A broker fee is a fee in addition to premium and commission that is charged by retail and wholesale insurance...
Surplus Lines: Regulators Vetting of Alien Nonadmitted Insurers November 5, 2012 By Richard Brown The National Association of Insurance Commissioners (NAIC) acts as the trade association for state insurance commissioners. The Nonadmitted and Reinsurance...
Surplus Lines’ Multistate Clearinghouse Numbers Don’t Work March 19, 2012 By Richard Brown Recent data from Florida indicate that the economics for a multistate surplus lines tax allocation clearinghouse are unworkable. There simply...
Surplus Lines Analysis: Multistate Clearinghouse Economics Don’t Work February 27, 2012 By Richard Brown Recent data from Florida indicate that the economics for a multistate surplus lines tax allocation clearinghouse are unworkable. There simply...
Good Morning NRRA! Home State Scenarios for Affiliated Groups July 21, 2011 By Richard Brown Welcome to the magical mystery tour of Home State taxation and regulation under Nonadmitted Insurance and Reinsurance Reform Act of...
Surplus Lines Sea Change: Calif.’s AB 315 June 17, 2011 By Richard Brown California is expected to pass surplus lines regulations before July 21, 2011. On that date, the Nonadmitted and Reinsurance Reform...
Commentary: Pending State Legislation to Implement NRRA is Fly in the Ointment March 23, 2011 By Richard Brown Pending state legislative proposals, such as California’s AB 315, that would implement the Nonadmitted and Reinsurance Reform Act of 2010...
How California Bill Implements Federal NRRA Surplus Lines Reform March 8, 2011 By Richard Brown The Nonadmitted and Reinsurance Reform Act (NRRA), Subtitle B, Part I, Dodd-Frank Wall Street Reform and Consumer Protection Act, reaches...
California Proposes to Disable Itself From Taxing 100% of Surplus Lines Premium March 1, 2011 By Richard Brown A California legislator has proposed a surplus lines bill — one effect of which will reduce California’s surplus lines premium...
Prepareth Not and Doom Your Summer Vacation February 10, 2011 By Richard Brown The Nonadmitted and Reinsurance Reform Act (NRRA), Subtitle B, Part I, Dodd-Frank Wall Street Reform and Consumer Protection Act, will...