Washington
Legislation passed by the U.S. House of Representatives earlier this month reforming regulation of the surplus lines and reinsurance markets should be part of a more comprehensive measure modernizing oversight of the entire industry, some trade group officials contend.
H.R. 2571, "The Nonadmitted and Reinsurance Reform Act of 2009," passed unanimously under expedited procedures on a voice vote. Its primary sponsors were Rep. Dennis Moore, D-Kan., and Rep. Scott Garrett, R-N.J.
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