2022 Membership

Mission 

The mission of the Surplus Lines (C) Task Force is to monitor the surplus lines market and regulation, including the activity and financial condition of U.S. and alien surplus lines insurers by providing a forum for discussion of issues and to develop or amend relevant NAIC model laws, regulations and/or guidelines.

2023 Proposed Charges

The Surplus Lines (C) Task Force will:

1. Provide a forum for discussion of current and emerging surplus lines-related issues and topics of public policy, and determine appropriate regulatory response and action.
2. Review and analyze quantitative and qualitative data on U.S. domestic and alien surplus lines industry results and trends. 
3. Monitor federal legislation related to the surplus lines market, and ensure all interested parties remain apprised. 
4. Develop or amend relevant NAIC model laws, regulations, and/or guidelines. 
5. Oversee the activities of the Surplus Lines (C) Working Group. 

The Surplus Lines (C) Working Group will:

1. Operate in regulator-to-regulator session pursuant to paragraph 3 (specific companies, entities, or individuals) of the NAIC Policy Statement on Open Meetings, and operate in open session when discussing surplus lines topics and policy issues, such as amendments to the International Insurers Department (IID) Plan of Operation.
2. Maintain and draft new guidance within the IID Plan of Operation regarding standards for admittance and continued inclusion on the NAIC Quarterly Listing of Alien Insurers. 
3. Review and consider appropriate decisions regarding applications for admittance to the NAIC Quarterly Listing of Alien Insurers. 
4. Analyze renewal applications of alien surplus lines insurers on the NAIC Quarterly Listing of Alien Insurers, and ensure solvency and compliance per the IID Plan of Operation guidelines for continued listing. 
5. Provide a forum for surplus lines-related discussion among jurisdictions.

2022 Adopted Charges

The Surplus Lines (C) Task Force will:

1. Provide a forum for discussion of current and emerging surplus lines-related issues and topics of public policy and determine appropriate regulatory response and action.
2. Review and analyze quantitative and qualitative data on U.S. domestic and alien surplus lines industry results and trends.
3. Monitor federal legislation related to the surplus lines market and ensure all interested parties remain apprised.
4. Develop or amend relevant NAIC model laws, regulations and/or guidelines.
5. Oversee the activities of the Surplus Lines (C) Working Group.