Bill would relax regulation of nonadmitted insurers

02/15/2007 | Business Insurance (tiered subscription model)

Two House lawmakers plan to introduce legislation that would relax the regulation of nonadmitted insurers. The proposal would subject nonadmitted insurers only to the premium taxes of a policyholder's home state and reinsurers only to the solvency regulations of their state of domicile. Observers note that the bill could ease access to coastal coverage.

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