HOUSTON–The Nonadmitted Insurance Multistate Agreement is now offering states an associate membership at no cost for one year, banking on the prospect that states will see that they are leaving money on the table, and join up.
NIMA, a surplus-lines revenue-sharing agreement, is currently supported by six states and the National Association of Insurance Commissioners.
States can contact NIMA states about using the clearinghouse services for a trial period to allow for the reporting of single and multistate policy information without sharing tax revenue.
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