NONADMITTED INSURANCE MULTI-STATE AGREEMENT (NIMA)Nonadmitted Insurance Multi-State Agreement • October 29th, 2010
Contract Type FiledOctober 29th, 2010WHEREAS, the Nonadmitted Reinsurance and Reform Act of 2010 (“NRRA”), which was incorporated intact into the Dodd-Frank Financial Reform Bill, H.R. 4173, provides that only a insured’s “home state” may require a premium tax payment for nonadmitted insurance; and
NONADMITTED INSURANCE MULTI-STATE AGREEMENT (NIMA)Nonadmitted Insurance Multi-State Agreement • October 29th, 2010
Contract Type FiledOctober 29th, 2010WHEREAS, the Nonadmitted Reinsurance and Reform Act of 2010 (“NRRA”), which was incorporated intact into the Dodd-Frank Financial Reform Bill, H.R. 4173, provides that only a insured’s “home state” may require a premium tax payment for nonadmitted insurance; and