Foley & Lardner: Congress Imposes New Rules for Taxation and Regulation of Surplus Lines Insurers

By Mary Kay Martire, Partner, Foley & Lardner LLP On July 21, 2011, a portion of the Dodd-Frank Act known as the Nonadmitted and Reinsurance Reform Act (15 U.S.C. § 8201, et seq.) (NRRA) took effect. NRRA is one example of the continuing trend of increased federal oversight over state regulation...