2011 US Code
Title 15 - Commerce and Trade
Chapter 108 - STATE-BASED INSURANCE REFORM (§§ 8201 - 8232)
Subchapter I - NONADMITTED INSURANCE (§§ 8201 - 8206)
Section 8202 - Regulation of nonadmitted insurance by insured's home State
View Metadata| Publication Title | United States Code, 2006 Edition, Supplement 5, Title 15 - COMMERCE AND TRADE |
| Category | Bills and Statutes |
| Collection | United States Code |
| SuDoc Class Number | Y 1.2/5: |
| Contained Within | Title 15 - COMMERCE AND TRADE CHAPTER 108 - STATE-BASED INSURANCE REFORM SUBCHAPTER I - NONADMITTED INSURANCE Sec. 8202 - Regulation of nonadmitted insurance by insured's home State |
| Contains | section 8202 |
| Date | 2011 |
| Laws in Effect as of Date | January 3, 2012 |
| Positive Law | No |
| Disposition | standard |
| Source Credit | Pub. L. 111-203, title V, §522, July 21, 2010, 124 Stat. 1590. |
| Statutes at Large Reference | 124 Stat. 1590 |
| Public Law Reference | Public Law 111-203 |
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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 licensingNo 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 provisionWith 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 exceptionThis 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.
(Pub. L. 111–203, title V, §522, July 21, 2010, 124 Stat. 1590.)
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