InsureReinsure, published by Troutman Pepper Locke, focuses on the regulatory and compliance aspects of surplus lines insurance. The blog covers topics such as the distinctions between admitted and surplus lines markets, the roles and responsibilities of surplus lines brokers, and the regulatory frameworks governing group insurance under the Nonadmitted and Reinsurance Reform Act (NRRA). It also addresses state-specific insurance developments, including licensing, tax obligations, and enforcement actions. Additionally, the blog discusses industry leadership changes, state regulatory bulletins, and emerging issues like the use of artificial intelligence in insurance. The content is aimed at professionals navigating the complexities of surplus lines and insurance regulation.
Regulatory Landscape
In 2026, the NAIC Life Insurance and Annuities (A) Committee, chaired by Iowa and vice chaired by Michigan, is largely focusing on annuity sales practices, including annuity buyers guides, suitability, and annuity illustrations. Of particular interest to the life…
In the seventh episode of our Surplus Lines 360 series, Zachary Lerner discusses what must be included in every surplus lines insurance policy: stamping language, service of suit clauses, and cancellation or non-renewal provisions.…
On March 4, 2026, the Florida Senate approved Senate Bill 1028 (SB 1028), introduced by Senator Joe Gruters, which would establish both an admitted and a surplus lines clearinghouse for Citizens Property Insurance commercial policies. SB 1028, and its companion…
Key Point: Under the revised NYDFS Cybersecurity Regulation, covered entities must implement and enforce MFA for all access to all information systems — not just adopt MFA tools — and carefully document any CISO-approved compensating controls. Given the November 1, 2025…
In Bradford v. Sovereign Pest Control of Texas, Inc., the U.S. Court of Appeals for the Fifth Circuit held that the Telephone Consumer Protection Act (TCPA) does not require “prior express written consent” for telemarketing calls that use artificial or…
In the sixth episode of our Surplus Lines 360 series, John Emmanuel and Zachary Lerner explore the broker licensing requirement, covering common misconceptions, recent enforcement actions, state-specific exceptions, and the “three magic words” to think about.…
Over the past year, federal and state courts across the U.S. have continued to reshape the landscape of professional liability insurance. From high-stakes coverage battles to nuanced interpretations of policy language, 2025 delivered a breadth of notable decisions addressing a…
On February 9, 2026, the House of Representatives, in a bipartisan vote, approved H.R. 3682. This bill would place additional guardrails on the Financial Stability Oversight Council (FSOC) in designating insurance companies as systemically important financial institutions (SIFI). The FSOC…
We are pleased to invite you to our next edition of the InsurTech Legal Academy to address the use of captive insurance and reinsurance companies by InsurTechs. We are pleased to have Brady Young, Chief Executive Officer, Strategic Risk Solutions,…
In the fifth episode of our Surplus Lines 360 series, John Emmanuel and Zachary Lerner explore the complexities of direct procurement, including key compliance considerations, home-state taxation, the attorney-in-fact model, and coverage restrictions that vary by jurisdiction.…
