On August 1, 2025, Governor JB Pritzker approved Senate Bill No. 1289, amending the definition of “home state” as it relates to more than one unaffiliated insured from a group and named as insureds on a single surplus lines...more
Effective October 1, 2025, Public Act No. 25-130 amends Connecticut’s captive insurance laws. Important amendments under the act include...more
On June 10, 2025, Governor Lamont signed Senate Bill No. 9 into law. In light of the passage of the bill, on July 8, 2025, the Connecticut Insurance Department (Department) issued Bulletin PC-93-25, addressed to “all...more
7/15/2025
/ Connecticut ,
Consumer Insurance Products ,
Disclosure Requirements ,
Flood Insurance ,
Homeowner's Insurance ,
Homeowners ,
Insurance Reform ,
Insurance Regulations ,
New Legislation ,
Policy Exclusions ,
Property Casualty Policies ,
Property Insurance ,
Regulatory Requirements ,
Rental Insurance
We are happy to provide the 2025 update to the Troutman Pepper Locke LLP Excess and Surplus Lines Law Manual. This edition reflects all of the pertinent changes in the surplus lines laws and regulations of the 50 states and...more
4/24/2025
/ Commercial Insurance Policies ,
Consumer Insurance Products ,
Filing Requirements ,
Insurance Brokers ,
Insurance Regulations ,
NAIC ,
New Legislation ,
NRRA ,
Regulatory Requirements ,
Reinsurance ,
Reporting Requirements ,
State and Local Government ,
Surplus Lines Insurance
On July 28, 2021, Arkansas will implement its recently enacted Insurance Business Transfer Act (“IBTA”). The purpose of the law is to provide insurance carriers a process for the transfer of blocks of business from any...more
On February 14, 2020, Illinois introduced legislation (SB3783) that would make significant changes in the manner certain surplus lines placements are made in Illinois. Illinois would be the latest state to amend their...more