As the non-admitted industry and the interest of its members in federal regulatory and legislative issues continues to grow, so does the federal Political Action Committee (PAC) of its trade group, the National Association of Surplus Lines Offices Ltd. (NAPSLO).
"This year we have received about 90 contributions and over $50,000 and are about halfway to our [contribution] goal for this year," says Michael D. Miller, chairman of the NAPSLO PAC and president of Scottsdale Insurance Co. in Arizona. "The PAC is important because federal financial services regulatory issues now include potential rules and laws that would impact the surplus lines industry," says Miller.
"The interest of NAPSLO members in federal issues is growing, and the PAC is growing," he continues. "Every year we try to raise additional funds, and in each of the last three years we have succeeded in gaining additional support for the PAC from our members."
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