Browse Arkansas Code titles and sections
15 U.S.C. § 8202 — Regulation of nonadmitted insurance by insured’s home State
Federal law — U.S. Code and appendices · legal_authorities
**(a) Home State authority** Except as otherwise provided in this section, the placement of nonadmitted insurance shall be subject to the statutory and regulatory requirements solely of the insured’s home State.
**(b) Broker licensing** No State other than an insured’s home State may require a surplus lines broker to be licensed in order to sell, solicit, or negotiate nonadmitted insurance with respect to such insured.
**(c) Enforcement provision** With respect to [section 8201 of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title15-section8201&num=0&edition=prelim) and subsections (a) and (b) of this section, any law, regulation, provision, or action of any State that applies or purports to apply to nonadmitted insurance sold to, solicited by, or negotiated with an insured whose home State is another State shall be preempted with respect to such application.
**(d) Workers’ compensation exception** This section may not be construed to preempt any State law, rule, or regulation that restricts the placement of workers’ compensation insurance or excess insurance for self-funded workers’ compensation plans with a nonadmitted insurer.
Source: Supplied U.S. Code snapshot — release unconfirmed · 15 U.S.C. § 8202
Stored review status: release_metadata_unconfirmed. A text match is a research starting point; applicability is not established.
Original supplied file — preserved unchanged
Download original Markdown file
File SHA-256: 5faeb004432740dd8ae8dfbe4751fb8a9bd63256525054ba12edd0931f78659a. The original may include catalog metadata, neighboring provisions, or embedded records outside this collection's scope. Search shows only the selected federal record. Historical editions and unverified snapshots are not a statement of current law.
Authority boundary: historical or unconfirmed source not current law verified.
Open the recorded source website ↗
Record provenance
Stable record: federal_law:legal_authorities:record_usc_5f21de4b895c8be2a8199ceb
Source file: Laws/federal/codes/united-states-code/title-15/section-8202-regulation-of-nonadmitted-insurance-by-insureds-home-state--55ff892214.md
Pages: Not recorded – Not recorded
Passage SHA-256: b25646a1bd85a021e9cb6c09057515c152c22f5c52c93b46eeb0d5c9b184fd74
Source location: Title 15, Chapter 108, § 8202; chapter-108-state-based-insurance-reform.md
Stored source content
**(a) Home State authority** Except as otherwise provided in this section, the placement of nonadmitted insurance shall be subject to the statutory and regulatory requirements solely of the insured’s home State.
**(b) Broker licensing** No State other than an insured’s home State may require a surplus lines broker to be licensed in order to sell, solicit, or negotiate nonadmitted insurance with respect to such insured.
**(c) Enforcement provision** With respect to [section 8201 of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title15-section8201&num=0&edition=prelim) and subsections (a) and (b) of this section, any law, regulation, provision, or action of any State that applies or purports to apply to nonadmitted insurance sold to, solicited by, or negotiated with an insured whose home State is another State shall be preempted with respect to such application.
**(d) Workers’ compensation exception** This section may not be construed to preempt any State law, rule, or regulation that restricts the placement of workers’ compensation insurance or excess insurance for self-funded workers’ compensation plans with a nonadmitted insurer.
Cross-references
Connections may be documented source relationships, shared citations or nearby passages. Each explains its basis; a connection alone does not establish applicability to your situation.
Federal law — U.S. Code and appendices · legal_authorities
**(a) Home State’s exclusive authority** No State other than the home State of an insured may require any premium tax payment for nonadmitted insurance.
**(b) Allocation of nonadmitted premium taxes**
(1) **In general** — The States may enter into a compact or otherwise establish procedures to allocate among the States the premium taxes paid to an insured’s home State described in subsection (a).
(2) **Effective date** — Except as expressly otherwise provided in such compact or other procedures, any such compact or other procedures—
(A) if adopted on or before the expiration of the 330-day period that begins on July 21, 2010, shall apply to any premium taxes that, on or after July 21, 2010, are required to be paid to any State that is subject to such compact or procedures; and
(B) if adopted after the expiration of such 330-day period, shall apply to any premium taxes that, on or after January 1 of the first calendar year that begins after the expiration of such 330-day period, are required to be paid to any State that is subject to such compact or procedures.
(3) **Report** — Upon the expiration of the 330-day period referred to in paragraph (2), the NAIC may submit a report to the Committee on Financial Services and the Committee on the Judiciary of the House of Representatives and the Committee on Banking, Housing, and Urban Affairs of the Senate identifying and describing any compact or other procedures for allocation among the States of premium taxes that have been adopted during such period by any States.
(4) **Nationwide system** — The Congress intends that each State adopt nationwide uniform requirements, forms, and procedures, such as an interstate compact, that provide for the reporting, payment, collection, and allocation of premium taxes for nonad
Source: Supplied U.S. Code snapshot — release unconfirmed · 15 U.S.C. § 8201
Stored review status: release_metadata_unconfirmed. Explicit cross-reference supplied in source Markdown; currentness and applicability require review.
Federal law — U.S. Code and appendices · legal_authorities
Page 2406
TITLE 15—COMMERCE AND TRADE
§ 8202
Statutory Notes and Related Subsidiaries
EFFECTIVE DATE
Pub. L. 111–203, title V, § 512, July 21, 2010, 124 Stat.
1589, provided that: ‘‘Except as otherwise specifically
provided in this subtitle [see Short Title note below],
this subtitle shall take effect upon the expiration of
the 12-month period beginning on the date of the enact-
ment of this subtitle [July 21, 2010].’’
SHORT TITLE
Pub. L. 111–203, title V, § 511, July 21, 2010, 124 Stat.
1589,
provided
that:
‘‘This
subtitle
[subtitle
B
(§§ 511–542) of title V of Pub. L. 111–203, enacting this
chapter and provisions set out as a note under this sec-
tion] may be cited as the ‘Nonadmitted and Reinsur-
ance Reform Act of 2010’.’’
§ 8202. Regulation of nonadmitted insurance by
insured’s home State
(a) Home State authority
Except as otherwise provided in this section,
the placement of nonadmitted insurance shall be
subject to the statutory and regulatory require-
ments solely of the insured’s home State.
(b) Broker licensing
No State other than an insured’s home State
may require a surplus lines broker to be licensed
in order to sell, solicit, or negotiate non-
admitted insurance with respect to such in-
sured.
(c) Enforcement provision
With respect to section 8201 of this title and
subsections (a) and (b) of this section, any law,
regulation, provision, or action of any State
that applies or purports to apply to nonadmitted
insurance sold to, solicited by, or negotiated
with an insured whose home State is another
State shall be preempted with respect to such
application.
(d) Workers’ compensation exception
This section may not be construed to preempt
any State law, rule, or regulation that restricts
the placement of workers’ compensatio
Source: Supplied 2024 U.S. Code historical extraction · 15 U.S.C. § 8202
Stored review status: historical_2024_not_currentness_verified. Same stored citation; legal effect and authority still require review.