Surplus Lines (C) Task Force
September 25, 2007

The Surplus Lines Task Force met via conference call on September 25, 2007.

During this meeting, the Task Force:

• Received a status report on pending Federal legislation that, if enacted, will preempt certain aspects of State regulation of multi-state surplus lines policy placement and premium taxation

• Adopted a motion to amend one of its charges. The charge currently reads “Consider the NAIC Model Allocation of Surplus Lines and Independently Procured Insurance Premium Tax on Multi-State Risks Regulation and any other surplus lines issues in light of the NAIC RoadMap Goals.” The Task Force voted to recommend amending the charge to read: “Consider a uniform method of allocating surplus lines and independently procured insurance premium tax on multi-state risks and any other surplus lines issues.”

Action Items:

Adopted a revision to one of its current charges to “Consider a uniform method of allocating surplus lines and independently procured insurance premium tax on multi-state risks and any other surplus lines issues.”