The 2010 surplus lines modernization act is not interfering with the ability of state regulators to access financial data for surplus lines reinsurers regulated by other states, the Federal Insurance Office says in a new report.
Insurance industry trade groups which had lobbied for the law for perhaps a decade said they were pleased with the findings.
Bernie G. Heinze, executive director of the American Association of Managing General Agents (AAMGA) said the association was pleased to learn of the conclusions reached by FIO relating to Part II of the NRRA.
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