The push to convince members of Congress to pass legislation streamlining the regulatory process for multistate surplus lines exposures as well as reinsurance has begun in Washington.
A surplus lines trade group has written members of the House Financial Services Committee and the Senate Banking Committee asking them to enact the legislation this year. Two of the top producer groups are also strongly backing the bill, which passed the House last year 417-to-0, but failed to gain traction in the Senate.
Richard Bouhan, executive director of the National Association of Professional Surplus Lines Offices, wrote members of Congress that "NAPSLO stands ready to do whatever is necessary to pass that legislation, again, in the House, and, hopefully, in the Senate as well."
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