Non-Admitted Insurance Multi-State Agreement (NIMA)

NIMA provides a mechanism to report, collect, allocate and distribute surplus lines tax revenues consistent with the Non-admitted and Reinsurance Reform Act (NRRA). The NRRA is part of the Dodd-Frank Wall Street Reform legislation passed last year that allows only the home state of the insured to require premium tax payments for non-admitted insurance in the absence of an agreement among states. NIMA will allow participating states to continue to collect surplus lines premium taxes according to state laws consistent with the agreement.

While NIMA is supported by the National Association of Insurance Commissioners (NAIC), there is a competing agreement, SLIMPACT, that has been endorsed by other states. NIMA states currently represent 21.6% of the surplus lines marketplace based on 2009 data.

NIMA Member States' Agreements

Alaska (July 21, 2011)	Nevada (July 20, 2011)
Connecticut (June 29, 2011)	Puerto Rico (July 21, 2011)
Florida (June 15, 2011)	South Dakota (July 15, 2011)
Hawaii (June 15, 2011)	Utah (July 20, 2011)
Louisiana (July 1, 2011)	Wyoming (July 20, 2011)
Mississippi (June 13, 2011)

Press Releases:	Other Resources:
April 17, 2012 – NIMA Press Release	Original Agreement
September 1, 2011 – NIMA Press Release	Updated Agreement [as of September 13, 2011]
July 22, 2011 – NIMA Press Release	Updated Agreement [as of July 12, 2011]
July 21, 2011 – NIMA Press Release	Dodd-Frank Bill (NRRA - Section 511)
July 15, 2011 – NIMA Press Release	Florida's Enabling Legislation: SB 1816
July 13, 2011 – NIMA Press Release	NAIC – NIMA/Surplus Lines Resource Page
June 21, 2011 – NAIC Press Release	Report - Florida's Cooperative Reciprocal Agreement Joined Pursuant to the Nonadmitted and Reinsurance Reform Act (the Dodd-Frank Act)
June 16, 2011 – Mississippi Press Release	FSLSO Clearinghouse Bulletin: Filing Changes on Multi-State Risk Policies
June 16, 2011 – Florida Press Release