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Surplus Lines Legislation Introduced in the Senate
On June 25, Senators Evan Bayh, D-Ind., and Mel Martinez, R-Fla., introduced S. 1363, the Nonadmitted and Reinsurance Reform Act of 2009. The legislation would modernize the regulation of non-admitted insurance and reinsurance markets. Senators Bill Nelson, D-Fla., and Mike Crapo, R-Idaho, cosponsored the legislation.
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