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) |
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| Press Releases: |
Other Resources: |
| September 1, 2011 – NIMA Press Release |
Original Agreement |
| July 22, 2011 – NIMA Press Release |
Updated Agreement [as of September 13, 2011] |
| July 21, 2011 – NIMA Press Release |
Updated Agreement [as of July 12, 2011] |
| July 15, 2011 – NIMA Press Release |
Dodd-Frank Bill (NRRA - Section 511) |
| July 13, 2011 – NIMA Press Release |
Florida's Enabling Legislation: SB 1816 |
| June 21, 2011 – NAIC Press Release |
NAIC – NIMA/Surplus Lines Resource Page |
| June 16, 2011 – Mississippi Press Release |
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| June 16, 2011 – Florida Press Release |
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