The Nonadmitted and Reinsurance Reform Act of 2010 (NRRA) appears to be largely functioning as intended: simplifying compliance for multistate risks while not altering rates or risk appetite, according to market participants who responded to a Government Accountability Office request.
However, the GAO study notes that industry associations representing insurers and producers report that some states are making eligibility requirements in apparent violation of an NRRA section.
The GAO's study, "Effects of the Nonadmitted and Reinsurance Reform Act of 2010," notes that almost all states have modified their laws to implement "at least portions" of the NRRA.
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