In the third episode of our Surplus Lines 360 series, John Emmanuel and Zachary Lerner unpack one of the hottest regulatory topics in surplus lines: group insurance. Learn how affiliated and unaffiliated groups are treated under the NRRA, why “home state” determination drives compliance and tax obligations, and the state-by-state rules that can make or break a group structure.
- Defining surplus lines group insurance
- Affiliated vs. unaffiliated groups under the NRRA: defining the “home state”
- Compliance implications and state differences
- The uneven playing field: Illinois vs. New York
- The complexities of tax allocation for unaffiliated groups
- Risk purchasing groups: benefits, limitations, and ongoing obligations