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United States · Bill · HR

H.R. 1065 (110th)

Nonadmitted and Reinsurance Reform Act of 2007

referredUnited States· United States Congress· EN

Introduced

15 February 2007

Last action

26 June 2007 · Introduced

Status

Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Sponsors

Rep. Moore, Dennis [D-KS-3], Rep. Brown-Waite, Ginny [R-FL-5], Rep. Kanjorski, Paul E. [D-PA-11], Rep. Maloney, Carolyn B. [D-NY-12], David Scott, Rep. Klein, Ron [D-FL-22], Rep. Bean, Melissa L. [D-IL-8], Rep. McCarthy, Carolyn [D-NY-4], Rep. Moore, Gwen [D-WI-4], Rep. Cleaver, Emanuel [D-MO-5], Rep. Wasserman Schultz, Debbie [D-FL-25], Rep. Crowley, Joseph [D-NY-14], Rep. Israel, Steve [D-NY-3], Rep. Clay, Wm. Lacy [D-MO-1], Sen. Murphy, Christopher [D-CT], Rep. Delahunt, William D. [D-MA-10], Rep. Wexler, Robert [D-FL-19], Rep. Miller, Brad [D-NC-13], Sen. Donnelly, Joe [D-IN], Rep. Sherman, Brad [D-CA-32], Rep. Bachus, Spencer [R-AL-6], Rep. Baker, Richard H. [R-LA-6], Rep. King, Peter T. [R-NY-2], Rep. Diaz-Balart, Mario [R-FL-26], Rep. Biggert, Judy [R-IL-13], Rep. Garrett, Scott [R-NJ-5], Rep. Feeney, Tom [R-FL-24], Rep. Bilirakis, Gus M. [R-FL-12], Rep. Putnam, Adam H. [R-FL-12], Rep. Buchanan, Vern [R-FL-16], Rep. Campbell, John [R-CA-48], Rep. Manzullo, Donald A. [R-IL-16], Rep. Shays, Christopher [R-CT-4], Rep. Gillmor, Paul E. [R-OH-5], Rep. McHenry, Patrick T. [R-NC-10], Sen. Capito, Shelley Moore [R-WV], Rep. Miller, Gary G. [R-CA-42], Rep. Pearce, Stevan [R-NM-2], Rep. Fossella, Vito [R-NY-13], Rep. Lucas, Frank D. [R-OK-3], Rep. Neugebauer, Randy [R-TX-19], Rep. Castor, Kathy [D-FL-14], Rep. Castle, Michael N. [R-DE-At Large], Rep. Renzi, Rick [R-AZ-1], Rep. Holden, Tim [D-PA-17], Rep. Green, Al [D-TX-9], Rep. Young, C. W. Bill [R-FL-13], Rep. Boswell, Leonard L. [D-IA-3]

Subjects

Taxation

Source updated

6 December 2025

Taxation

Official sourceDownload fileView documentsShare

Summary

Nonadmitted and Reinsurance Reform Act of 2007 - Prohibits any state other than the home state of an insured from requiring a premium tax payment for nonadmitted insurance. Authorizes states to establish procedures to allocate among themselves the premium taxes paid to an insured's home state. Allows an insured's home state to require surplus lines brokers and certain insureds to file annually tax allocation reports detailing the portion of the nonadmitted insurance premiums attributable to properties, risks, or exposures located in each state. Declares that Congress intends that each state adopt a nationwide or uniform procedure that provides for the reporting, payment, collection, and allocation of premium taxes for nonadmitted insurance. Subjects nonadmitted insurance solely to the regulatory requirements of the insured's home state. Declares that only an insured's home state may require a surplus lines broker to be licensed to conduct nonadmitted insurance business with respect to such insured. Prohibits a state from collecting fees relating to licensure of a surplus lines broker in the state unless it has a regulatory mechanism in effect for participation in the national insurance producer database of the National Association of Insurance Commissioners (NAIC), or any other equivalent uniform national database. Prohibits a state from: (1) establishing eligibility criteria for nonadmitted insurers domiciled in a U.S. jurisdiction except in conformance with the Non-Admitted Insurance Model Act; or (2) prohibiting a surplus lines broker from placing nonadmitted insurance with, or procuring nonadmitted insurance from, a nonadmitted insurer domiciled outside the United States and listed on the NAIC International Insurers Department Quarterly Listing of Alien Insurers. Prohibits a state from denying credit for reinsurance if the state of domicile of an insurer purchasing reinsurance (ceding insurer) recognizes credit for reinsurance for the insurer's ceded risk, and: (1) is either an NAIC-accredited state; or (2) has financial solvency requirements substantially similar to NAIC accreditation requirements. Reserves to reinsurer's state of domicile the sole responsibility for regulating the reinsurer's financial solvency if such state is either NAIC-accredited, or has financial solvency requirements substantially similar to NAIC. Prohibits a state from requiring a reinsurer to provide financial information other than that required to be filed with its NAIC-compliant domiciliary state.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

  1. 15 February 2007

    Introduced

    Introduced in House

    Source: IntroReferral

  2. 15 February 2007

    Introduced

    Introduced in House

    Source: IntroReferral

  3. 15 February 2007

    Introduced

    Referred to the Committee on Financial Services, and in addition to the Committee on the Judiciary, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.

    Source: IntroReferral

  4. 15 February 2007

    Introduced

    Referred to the Committee on Financial Services, and in addition to the Committee on the Judiciary, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.

    Source: IntroReferral

  5. 19 March 2007

    Referred

    Referred to the Subcommittee on Commercial and Administrative Law.

    Source: Committee

  6. 11 April 2007

    Referred

    Referred to the Subcommittee on Capital Markets, Insurance and Government Sponsored Enterprises.

    Source: Committee

  7. 25 June 2007

    Passed

    Motion to reconsider laid on the table Agreed to without objection.

    Source: Floor

  8. 25 June 2007

    Passed

    On motion to suspend the rules and pass the bill Agreed to by voice vote. (text: CR H7030-7032)

    Source: Floor

  9. 25 June 2007

    Passed

    Passed/agreed to in House: On motion to suspend the rules and pass the bill Agreed to by voice vote.(text: CR H7030-7032)

    Source: Floor

  10. 25 June 2007

    Floor

    DEBATE - The House proceeded with forty minutes of debate on H.R. 1065.

    Source: Floor

  11. 25 June 2007

    Floor

    Considered under suspension of the rules. (consideration: CR H7030-7033)

    Source: Floor

  12. 25 June 2007

    Floor

    Mr. Moore (KS) moved to suspend the rules and pass the bill.

    Source: Floor

  13. 26 June 2007

    Introduced

    Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

    Source: IntroReferral

Votes

No vote records are attached yet.

Versions

Documents

8 official files

Referred in Senate (text)

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  • Referred in Senate (text)

    Referred in Senate · EN · 26 June 2007

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  • Referred in Senate (PDF)

    Referred in Senate · EN · 26 June 2007

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  • Engrossed in House (text)

    Engrossed in House · EN · 25 June 2007

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  • Engrossed in House (PDF)

    Engrossed in House · EN · 25 June 2007

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  • Passed House without amendment

    summary · EN · 25 June 2007

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  • Introduced in House (text)

    Introduced in House · EN · 15 February 2007

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  • Introduced in House (PDF)

    Introduced in House · EN · 15 February 2007

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  • Introduced in House

    summary · EN · 15 February 2007

    Open at official source

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Sponsors

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Sources

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