Title 15 — Commerce and Trade
Chapter 108 — State-Based Insurance Reform
§ 8203. Participation in national producer database
Statutory text
After the expiration of the 2-year period beginning on , a State may not collect any fees relating to licensing of an individual or entity as a surplus lines broker in the State unless the State has in effect at such time laws or regulations that provide for participation by the State in the national insurance producer database of the NAIC, or any other equivalent uniform national database, for the licensure of surplus lines brokers and the renewal of such licenses.
Legislative history
Reconstructed from this section’s Code source credit and amendment notes, resolved against the local Statutes at Large. Editorial notes are evidence, not the law that made the change.
Nonadmitted and Reinsurance Reform Act of 2010
Pub. L. 111–203 title V § 523 · 124 Stat. 1376
Enacted · 15 U.S.C. § 8203
(Pub. L. 111–203, title V, § 523, July 21, 2010, 124 Stat. 1590.)
Source evidence
Code source credit
(Pub. L. 111–203, title V, § 523, July 21, 2010, 124 Stat. 1590.)Enacted provision · exact public law section
SEC. 523. PARTICIPATION IN NATIONAL PRODUCER DATABASE. Time period. After the expiration of the 2-year period beginning on the date of the enactment of this subtitle, a State may not collect any fees relating to licensing of an individual or entity as a surplus lines broker in the State unless the State has in effect at such time laws or regulations that provide for participation by the State in the national insurance producer database of the NAIC, or any other equivalent uniform national database, for the licensure of surplus lines brokers and the renewal of such licenses.
1 of 1 references resolved to an enrolled provision