NU Online News Service, May 4, 11:48 a.m. EDT
WASHINGTON—Three states are dropping out of the Nonadmitted Insurance Multistate Agreement (NIMA) tax-sharing compact, but Florida state officials say this will not interfere with the compact's implementation date.
Jack McDermott, a spokesman for the Florida Office of Insurance Regulation, today confirms that Mississippi, Connecticut and Alaska have informed compact officials they are dropping out before the scheduled July 1 implementation date for NIMA.
Recommended For You
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
