The FSLSO has released Bulletin 2011-03 regarding the filing of multi-state policies wherein Florida is deemed the "Home State" under the provisions of the Nonadmitted and Reinsurance Reform Act (NRRA) AND the policy includes premium for an exposure in one or more Nonadmitted Insurance Multi-State Agreement (NIMA) states/territories.
This bulletin is specific only to NIMA States which, as of this date, are: Alaska, Connecticut, Florida, Hawaii, Louisiana, Mississippi, Nevada, Nebraska, Puerto Rico, South Dakota, Utah, and Wyoming.
For policies that bear an effective or renewal date ON or AFTER January 1, 2012, are deemed Florida "home state" and include exposure in one other NIMA state, all Florida surplus lines agents and tax filers are asked to withhold making their filing until the Surplus Lines Clearinghouse has become operational for the NIMA states.
Please be advised in situations where the above described policies have already been filed with Florida, this office will ask that such policies be backed out and filed with the Surplus Lines Clearinghouse at the time it can accept filings.
Multi-state policies that include Florida as the "Home State" as provided by the NRRA but DO NOT include a second NIMA state as part of the exposure should continue to be filed with the FSLSO in accordance with its filing provisions.
The FSLSO will provide subsequent filing instructions for multi-state policies as it becomes available. For a PDF copy of this bulletin, please visit:
Additional information may be obtained from FSLSO's website at www.fslso.com. If you have any questions, please call our office at (800) 562-4496.