NAIC group recommends approving surplus-lines tax-collection plan

10/28/2010 | PropertyCasualty360

A task force of the National Association of Insurance Commissioners said the organization should approve a tax-collection plan for the surplus-lines sector but defer taking action on uniform regulation for the industry. The plan is expected to be adopted by NAIC, which is tasked to develop a model legislation for state legislatures as mandated by the financial-reform law.

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