s 58808 1245902400 false 1245902400 1363 212 111 400621

6/25/2009--Introduced.<br/>Nonadmitted and Reinsurance Reform Act of 2009 - Prohibits any state other than the home state of an insured from requiring a premium tax payment for nonadmitted insurance.<br/>Authorizes states to establish procedures to allocate among themselves the premium taxes paid to an insured's home state.<br/>Allows an insured's home state to require surplus lines brokers and certain insureds to file annually tax allocation reports detailing the portion of the nonadmitted insurance premiums attributable to properties, risks, or exposures located in each state. Declares that Congress intends that each state adopt a nationwide uniform requirements, forms, and procedures, such as an interstate compact, that provides for the reporting, payment, collection, and allocation of premium taxes for nonadmitted insurance. Subjects nonadmitted insurance solely to the regulatory requirements of the insured's home state.<br/>Declares that only an insured's home state may require a surplus lines broker to be licensed to conduct nonadmitted insurance business with respect to such insured.<br/>Prohibits a state from collecting fees relating to licensure of a surplus lines broker in the state unless it has a regulatory mechanism in effect for participation in the national insurance producer database of the National Association of Insurance Commissioners (NAIC), or any other equivalent uniform national database. Prohibits a state from establishing eligibility criteria for nonadmitted insurers domiciled in a U.S. jurisdiction except in conformance with the Non-Admitted Insurance Model Act, unless the state has adopted nationwide uniform requirements, forms, and procedures developed in accordance with this Act that include alternative nationwide uniform eligibility requirements. Prohibits a state from prohibiting a surplus lines broker from placing nonadmitted insurance with, or procuring nonadmitted insurance from, a nonadmitted insurer domiciled outside the United States and listed on the NAIC International Insurers Department Quarterly Listing of Alien Insurers. Prohibits a state from denying credit for reinsurance if the state of domicile of an insurer purchasing reinsurance (ceding insurer) recognizes credit for reinsurance for the insurer's ceded risk, and: (1) is either an NAIC-accredited state; or (2) has financial solvency requirements substantially similar to NAIC accreditation requirements.<br/>Reserves to reinsurer's state of domicile the sole responsibility for regulating the reinsurer's financial solvency if such state is either NAIC-accredited, or has financial solvency requirements substantially similar to NAIC.<br/>Prohibits a state from requiring a reinsurer to provide financial information other than that required to be filed with its NAIC-compliant domiciliary state.<br/>

1245902400 2009-06-25 Sat Sep 19 03:07:36 -0500 2009 introduced 58808 'act':5 '2009':7 'reform':4 'reinsur':3 'nonadmit':1 76068 false short introduced 58808 'bill':2 'insur':9 'regul':6 'purpos':15 'reinsur':11 'nonadmit':8 'streamlin':4 75199 false official action 58808 1245902400 Thu Jun 25 00:00:00 -0500 2009 201156 Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. M001162 1946-10-23 356 Russell Senate Office Building http://martinez.senate.gov/public/?p=EmailSenatorMartinez 202-228-5171 Mel 'r':4 'fl':5 'mel':2,6,8 'sen':1 'martinez':3,7,9 M 400621 Martinez Mel_Martinez Sen. Mel Martinez [R, FL] N00026748 16182 Republican 202-224-3041 FL Mel Mel Martinez 3.20754716981132 http://martinez.senate.gov SenMartinezdotgov B001233 1955-12-26 131 Russell Senate Office Building http://bayh.senate.gov/contact/email/ 202-228-1377 Evan 'd':4 'sen':1 'bayh':3,7,9 'evan':2,6,8 M 300006 Bayh Evan_Bayh Sen. Evan Bayh [D, IN] N00003762 14992 Democrat 202-224-5623 Episcopalian IN Evan Bayh 3.56 http://bayh.senate.gov C000880 1951-05-20 239 Dirksen Senate Office Building http://crapo.senate.gov/contact/email.cfm 202-228-1375 Michael 'r':4 'id':5 'sen':1 'crapo':3,7,9 'michael':2,6,8 M 300030 Crapo Michael_Crapo D. Sen. Michael Crapo [R, ID] N00006267 7550 Republican 202-224-6142 Latter Day Saints ID Mike Michael Crapo 4.80769230769231 http://crapo.senate.gov N000032 1942-09-29 716 Hart Senate Office Building http://billnelson.senate.gov/contact/email.cfm 202-228-2183 Bill 'd':4 'fl':5 'sen':1 'bill':2,6,8 'nelson':3,7,9 M 300078 Nelson Bill_Nelson Sen. Bill Nelson [D, FL] N00009926 18223 Democrat 202-224-5274 Presbyterian FL Bill Nelson 2.11627906976744 http://billnelson.senate.gov/ SenBillNelson action 58808 1245902400 Thu Jun 25 00:00:00 -0500 2009 201156 Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. introduced 58808 1245902400 Thu Jun 25 00:00:00 -0500 2009 201155