datamatters24/research-document-archive huggingface dataset:
511 
•HR 3221 EAH2 
SEC. 2149. PROHIBITION AGAINST KICKBACKS AND UN-
EARNED FEES. 
Title I of the National Housing Act is amended by 
adding at the end of section 9 the following new section: 
‘‘SEC. 10. PROHIBITION AGAINST KICKBACKS AND UN-
EARNED FEES. 
‘‘(a) IN GENERAL.—Except as provided in subsection 
(b), the provisions of sections 3, 8, 16, 17, 18, and 19 of 
the Real Estate Settlement Procedures Act of 1974 (12 
U.S.C. 2601 et seq.) shall apply to each sale of a manufac-
tured home financed with an FHA-insured loan or exten-
sion of credit, as well as to services rendered in connection 
with such transactions. 
‘‘(b) AUTHORITY OF THE SECRETARY.—The Secretary 
is authorized to determine the manner and extent to which 
the provisions of sections 3, 8, 16, 17, 18, and 19 of the 
Real Estate Settlement Procedures Act of 1974 (12 U.S.C. 
2601 et seq.) may reasonably be applied to the transactions 
described in subsection (a), and to grant such exemptions 
as may be necessary to achieve the purposes of this section. 
‘‘(c) DEFINITIONS.—For purposes of this section— 
‘‘(1) the term ‘federally related mortgage loan’ as 
used in sections 3, 8, 16, 17, 18, and 19 of the Real 
Estate Settlement Procedures Act of 1974 (12 U.S.C. 
2601 et seq.) shall include an FHA-insured loan or 
extension of credit made to a borrower for the purpose
(5) NAIC.—The term ‘‘NAIC’’ means the Na-
tional Association of Insurance Commissioners or 
any successor entity. 
(6) NONADMITTED
INSURANCE.—The term 
‘‘nonadmitted insurance’’ means any property and 
casualty insurance permitted to be placed directly or 
through a surplus lines broker with a nonadmitted 
insurer eligible to accept such insurance. 
(7) NON-ADMITTED INSURANCE MODEL ACT.— 
The term ‘‘Non-Admitted Insurance Model Act’’ 
means the provisions of the Non-Admitted Insurance 
Model Act, as adopted by the NAIC on August 3, 
1994, and amended on September 30, 1996, Decem-
ber 6, 1997, October 2, 1999, and June 8, 2002. 
(8) NONADMITTED INSURER.—The term ‘‘non-
admitted insurer’’ means, with respect to a State, an 
insurer not licensed to engage in the business of in-
surance in such State. 
(9) QUALIFIED
RISK
MANAGER.—The term 
‘‘qualified risk manager’’ means, with respect to a 
policyholder of commercial insurance, a person who 
meets all of the following requirements: 
(A) The person is an employee of, or third 
party consultant retained by, the commercial 
policyholder. 
VerDate Aug 31 2005 
00:25 Feb 21, 2007
Jkt 059200
PO 00000
Frm 00012
Fmt 6652
Sfmt 6201
E:\BILLS\H1065.IH
H1065
hmoore on PROD1PC68 with HMBILLS
such State shall be solely responsible for regulating the 
financial solvency of the reinsurer. 
(b) NONDOMICILIARY STATES.— 
(1) LIMITATION ON FINANCIAL INFORMATION 
REQUIREMENTS.—If the State of domicile of a rein-
surer is an NAIC-accredited State or has financial 
solvency requirements substantially similar to the re-
quirements necessary for NAIC accreditation, no 
other State may require the reinsurer to provide any 
additional financial information other than the infor-
mation the reinsurer is required to file with its 
domiciliary State. 
(2) RECEIPT OF INFORMATION.—No provision 
of this section shall be construed as preventing or 
prohibiting a State that is not the State of domicile 
of a reinsurer from receiving a copy of any financial 
statement filed with its domiciliary State. 
SEC. 203. DEFINITIONS. 
For purposes of this title, the following definitions 
shall apply: 
(1) CEDING INSURER.—The term ‘‘ceding in-
surer’’ means an insurer that purchases reinsurance. 
(2) DOMICILIARY STATE.—The terms ‘‘State of 
domicile’’ and ‘‘domiciliary State’’ means, with re-
spect to an insurer or reinsurer, the State in which 
VerDate Aug 31 2005 
00:25 Feb 21, 2007
Jkt 059200
PO 00000
Frm 00018
Fmt 6652
Sfmt 6201
E:\BILLS\H1065.IH
H1065
hmoore on PROD1PC68 with HMBILLS
the insurer or reinsurer is incorporated or entered 
through, and licensed. 
(3) REINSURANCE.—The term ‘‘reinsurance’’ 
means the assumption by an insurer of all or part 
of a risk undertaken originally by another insurer. 
(4) REINSURER.— 
(A) IN GENERAL.—The term ‘‘reinsurer’’ 
means an insurer to the extent that the in-
surer— 
(i) is principally engaged in the busi-
ness of reinsurance; 
(ii) does not conduct significant 
amounts of direct insurance as a percent-
age of its net premiums; and 
(iii) is not engaged in an ongoing 
basis in the business of soliciting direct in-
surance. 
(B) DETERMINATION.—A determination of 
whether an insurer is a reinsurer shall be made 
under the laws of the State of domicile in ac-
cordance with this paragraph. 
(5) STATE.—The term ‘‘State’’ includes any 
State of the United States, the District of Columbia, 
the Commonwealth of Puerto Rico, Guam, the 
VerDate Aug 31 2005 
00:25 Feb 21, 2007
Jkt 059200
PO 00000
Frm 00019
Fmt 6652
Sfmt 6201
E:\BILLS\H1065.IH
H1065
hmoore on PROD1PC68 with HMBILLS
Northern Mariana Islands, the Virgin Islands, and 
American Samoa. 
TITLE III—RULE OF 
CONSTRUCTION 
SEC. 301. RULE OF CONSTRUCTION. 
Nothing in this Act or amendments to this Act shall 
be construed to modify, impair, or supersede the applica-
tion of the antitrust laws. Any implied or actual conflict 
between this Act and any amendments to this Act and 
the antitrust laws shall be resolved in favor of the oper-
ation of the antitrust laws. 
Æ 
VerDate Aug 31 2005 
00:25 Feb 21, 2007
Jkt 059200
PO 00000
Frm 00020
Fmt 6652
Sfmt 6301
E:\BILLS\H1065.IH
H1065
hmoore on PROD1PC68 with HMBILLS
IIB 
110TH CONGRESS 
1ST SESSION H. R. 1065 
IN THE SENATE OF THE UNITED STATES 
JUNE 26, 2007 
Received; read twice and referred to the Committee on Banking, Housing, and 
Urban Affairs 
AN ACT 
To streamline the regulation of nonadmitted insurance and 
reinsurance, and for other purposes. 
Be it enacted by the Senate and House of Representa-
tives of the United States of America in Congress assembled, 
VerDate Aug 31 2005 
03:54 Jun 27, 2007
Jkt 059200
PO 00000
Frm 00001
Fmt 6652
Sfmt 6201
E:\BILLS\H1065.RFS
H1065
ccoleman on PRODPC75 with BILLS
HR 1065 RFS
SECTION 1. SHORT TITLE AND TABLE OF CONTENTS. 
(a) SHORT TITLE.—This Act may be cited as the 
‘‘Nonadmitted and Reinsurance Reform Act of 2007’’. 
(b) TABLE OF CONTENTS.—The table of contents for 
this Act is as follows: 
Sec. 1. Short title and table of contents. 
Sec. 2. Effective date. 
TITLE I—NONADMITTED INSURANCE 
Sec. 101. Reporting, payment, and allocation of premium taxes. 
Sec. 102. Regulation of nonadmitted insurance by insured’s home State. 
Sec. 103. Participation in national producer database. 
Sec. 104. Uniform standards for surplus lines eligibility. 
Sec. 105. Streamlined application for commercial purchasers. 
Sec. 106. GAO study of nonadmitted insurance market. 
Sec. 107. Definitions. 
TITLE II—REINSURANCE 
Sec. 201. Regulation of credit for reinsurance and reinsurance agreements. 
Sec. 202. Regulation of reinsurer solvency. 
Sec. 203. Definitions. 
TITLE III—RULE OF CONSTRUCTION 
Sec. 301. Rule of Construction. 
SEC. 2. EFFECTIVE DATE. 
Except as otherwise specifically provided in this Act, 
this Act shall take effect upon the expiration of the 12- 
month period beginning on the date of the enactment of 
this Act. 
VerDate Aug 31 2005 
03:54 Jun 27, 2007
Jkt 059200
PO 00000
Frm 00002
Fmt 6652
Sfmt 6201
E:\BILLS\H1065.RFS
H1065
ccoleman on PRODPC75 with BILLS
HR 1065 RFS
TITLE I—NONADMITTED 
INSURANCE 
SEC. 101. REPORTING, PAYMENT, AND ALLOCATION OF 
PREMIUM TAXES. 
(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 in-
sured’s home State described in subsection (a). 
(2) EFFECTIVE
DATE.—Except as expressly 
otherwise provided in such compact or other proce-
dures, any such compact or other procedures— 
(A) if adopted on or before the expiration 
of the 330-day period that begins on the date 
of the enactment of this Act, shall apply to any 
premium taxes that, on or after such date of 
enactment, 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 
VerDate Aug 31 2005 
03:54 Jun 27, 2007
Jkt 059200
PO 00000
Frm 00003
Fmt 6652
Sfmt 6201
E:\BILLS\H1065.RFS
H1065
ccoleman on PRODPC75 with BILLS
HR 1065 RFS
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 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 pro-
cedures for allocation among the States of premium 
taxes that have been adopted during such period by 
any States. 
(4) NATIONWIDE SYSTEM.—The Congress in-
tends that each State adopt a nationwide or uniform 
procedure, such as an interstate compact, that pro-
vides for the reporting, payment, collection, and allo-
cation of premium taxes for nonadmitted insurance 
consistent with this section. 
(c) ALLOCATION BASED ON TAX ALLOCATION RE-
PORT.—To facilitate the payment of premium taxes 
among the States, an insured’s home State may require 
surplus lines brokers and insureds who have independently 
VerDate Aug 31 2005 
03:54 Jun 27, 2007
Jkt 059200
PO 00000
Frm 00004
Fmt 6652
Sfmt 6201
E:\BILLS\H1065.RFS
H1065
ccoleman on PRODPC75 with BILLS
HR 1065 RFS
procured insurance to annually file tax allocation reports 
with the insured’s home State detailing the portion of the 
nonadmitted insurance policy premium or premiums at-
tributable to properties, risks or exposures located in each 
State. The filing of a nonadmitted insurance tax allocation 
report and the payment of tax may be made by a person 
authorized by the insured to act as its agent. 
SEC. 102. REGULATION OF NONADMITTED INSURANCE BY 
INSURED’S HOME STATE. 
(a) HOME STATE AUTHORITY.—Except as otherwise 
provided in this section, the placement of nonadmitted in-
surance shall be subject to the statutory and regulatory 
requirements solely of the insured’s home State. 
(b) BROKER LICENSING.—No State other than an in-
sured’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 insured. 
(c) ENFORCEMENT PROVISION.—Any law, regula-
tion, provision, or action of any State that applies or pur-
ports to apply to nonadmitted insurance sold to, solicited 
by, or negotiated with an insured whose home State is an-
other State shall be preempted with respect to such appli-
cation. 
(d) WORKERS’ COMPENSATION EXCEPTION.—This 
section may not be construed to preempt any State law, 
VerDate Aug 31 2005 
03:54 Jun 27, 2007
Jkt 059200
PO 00000
Frm 00005
Fmt 6652
Sfmt 6201
E:\BILLS\H1065.RFS
H1065
ccoleman on PRODPC75 with BILLS
HR 1065 RFS
rule, or regulation that restricts the placement of workers’ 
compensation insurance or excess insurance for self-fund-
ed workers’ compensation plans with a nonadmitted in-
surer. 
SEC. 103. PARTICIPATION IN NATIONAL PRODUCER DATA-
BASE. 
After the expiration of the 2-year period beginning 
on the date of the enactment of this Act, a State may 
not collect any fees relating to licensing of an individual 
or entity as a surplus lines broker in the State unless the 
State has in effect at such time laws or regulations that 
provide for participation by the State in the national in-
surance producer database of the NAIC, or any other 
equivalent uniform national database, for the licensure of 
surplus lines brokers and the renewal of such licenses. 
SEC. 104. UNIFORM STANDARDS FOR SURPLUS LINES ELI-
GIBILITY. 
A State may not— 
(1) impose eligibility requirements on, or other-
wise establish eligibility criteria for, nonadmitted in-
surers domiciled in a United States jurisdiction, ex-
cept in conformance with section 5A(2) and 
5C(2)(a) of the Non-Admitted Insurance Model Act; 
and 
VerDate Aug 31 2005 
03:54 Jun 27, 2007
Jkt 059200
PO 00000
Frm 00006
Fmt 6652
Sfmt 6201
E:\BILLS\H1065.RFS
H1065
ccoleman on PRODPC75 with BILLS
HR 1065 RFS
(2) prohibit a surplus lines broker from placing 
nonadmitted insurance with, or procuring non-
admitted insurance from, a nonadmitted insurer 
domiciled outside the United States that is listed on 
the Quarterly Listing of Alien Insurers maintained 
by the International Insurers Department of the 
NAIC. 
SEC. 105. STREAMLINED APPLICATION FOR COMMERCIAL 
PURCHASERS. 
A surplus lines broker seeking to procure or place 
nonadmitted insurance in a State for an exempt commer-
cial purchaser shall not be required to satisfy any State 
requirement to make a due diligence search to determine 
whether the full amount or type of insurance sought by 
such exempt commercial purchaser can be obtained from 
admitted insurers if— 
(1) the broker procuring or placing the surplus 
lines insurance has disclosed to the exempt commer-
cial purchaser that such insurance may or may not 
be available from the admitted market that may pro-
vide greater protection with more regulatory over-
sight; and 
(2) the exempt commercial purchaser has sub-
sequently requested in writing the broker to procure 
or place such insurance from a nonadmitted insurer. 
VerDate Aug 31 2005 
03:54 Jun 27, 2007
Jkt 059200
PO 00000
Frm 00007
Fmt 6652
Sfmt 6201
E:\BILLS\H1065.RFS
H1065
ccoleman on PRODPC75 with BILLS
IV 
110TH CONGRESS 
2D SESSION 
H. CON. RES. 324 
Expressing the sense of Congress relating to the trade promotion agreement 
between the United States and Colombia. 
IN THE HOUSE OF REPRESENTATIVES 
APRIL 8, 2008 
Ms. KAPTUR (for herself and Mr. KILDEE) submitted the following concurrent 
resolution; which was referred to the Committee on Ways and Means 
CONCURRENT RESOLUTION 
Expressing the sense of Congress relating to the trade pro-
motion agreement between the United States and Colom-
bia. 
Resolved by the House of Representatives (the Senate 
concurring), That it is the sense of Congress that Con-
gress should not approve the trade promotion agreement 
between the United States and Colombia signed on No-
vember 22, 2006. 
Æ 
VerDate Aug 31 2005 
22:10 Apr 09, 2008
Jkt 069200
PO 00000
Frm 00001
Fmt 6652
Sfmt 6301
E:\BILLS\HC324.IH
HC324
hsrobinson on PROD1PC76 with BILLS
HR 1065 RFS
SEC. 106. GAO STUDY OF NONADMITTED INSURANCE MAR-
KET. 
(a) IN GENERAL.—The Comptroller General of the 
United States shall conduct a study of the nonadmitted 
insurance market to determine the effect of the enactment 
of this title on the size and market share of the non-
admitted insurance market for providing coverage typi-
cally provided by the admitted insurance market. 
(b) CONTENTS.—The study shall determine and ana-
lyze— 
(1) the change in the size and market share of 
the nonadmitted insurance market and in the num-
ber of insurance companies and insurance holding 
companies providing such business in the 18-month 
period that begins upon the effective date of this 
Act; 
(2) the extent to which insurance coverage typi-
cally provided by the admitted insurance market has 
shifted to the nonadmitted insurance market; 
(3) the consequences of any change in the size 
and market share of the nonadmitted insurance 
market, including differences in the price and avail-
ability of coverage available in both the admitted 
and nonadmitted insurance markets; 
(4) the extent to which insurance companies 
and insurance holding companies that provide both 
VerDate Aug 31 2005 
03:54 Jun 27, 2007
Jkt 059200
PO 00000
Frm 00008
Fmt 6652
Sfmt 6201
E:\BILLS\H1065.RFS
H1065
ccoleman on PRODPC75 with BILLS
512 
•HR 3221 EAH2 
of purchasing a manufactured home that the borrower 
intends to occupy as a personal residence; and 
‘‘(2) the term ‘real estate settlement service’ as 
used in sections 3, 8, 16, 17, 18, and 19 of the Real 
Estate Settlement Procedures Act of 1974 (12 U.S.C. 
2601 et seq.) shall include any service rendered in 
connection with a loan or extension of credit insured 
by the Federal Housing Administration for the pur-
chase of a manufactured home. 
‘‘(d) UNFAIR AND DECEPTIVE PRACTICES.—In connec-
tion with the purchase of a manufactured home financed 
with a loan or extension of credit insured by the Federal 
Housing Administration under this title, the Secretary 
shall prohibit acts or practices in connection with loans or 
extensions of credit that the Secretary finds to be unfair, 
deceptive, or otherwise not in the interests of the borrower.’’. 
SEC. 2150. LEASEHOLD REQUIREMENTS. 
Subsection (b) of section 2 of the National Housing 
Act (12 U.S.C. 1703(b)), as amended by the preceding pro-
visions of this title, is further amended by adding at the 
end the following new paragraph: 
‘‘(11) LEASEHOLD REQUIREMENTS.—No insur-
ance shall be granted under this section to any such 
financial institution with respect to any obligation 
representing any such loan, advance of credit, or pur-
110TH CONGRESS 
2D SESSION 
H. CON. RES. 325 
CONCURRENT RESOLUTION 
Whereas the Mackinac Island State Park Commission was 
created, in 1895, to care for and manage Mackinac Is-
land State Park; 
Whereas Michilimackinac State Park and Mill Creek State 
Park were later added to the family of parks and historic 
sites under the authority of the Commission;
•HCON 325 EH 
Whereas, in 1958, Michigan granted authority to the Com-
mission to restore and interpret Fort Mackinac and other 
historical properties at the Straits of Mackinac; 
Whereas, in 1958, the Commission began restoration, in-
stalled exhibits, and opened Fort Mackinac to the public; 
Whereas, in 1959, the Commission began archaeological exca-
vation of Colonial Michilimackinac and opened it to the 
public one year later; 
Whereas, in 1984, the Commission opened Historic Mill 
Creek Discovery Park; 
Whereas, in 2004, after 14 years of being closed, Old Mack-
inac Point Lighthouse was reopened with an ongoing res-
toration program; 
Whereas, for 50 years, the Commission has professionally 
and successfully developed, promoted, and improved the 
Mackinac State Historic Parks complex, which has been 
continuously recognized by the American Association of 
Museums; and 
Whereas the Mackinac State Historic Parks complex has 
hosted more than 10,000,000 visitors since 1958, making 
it one of the most successful historic site complexes in 
North America and an important contributor to the tour-
ism economy of northern Michigan: Now, therefore, be it 
Resolved by the House of Representatives (the Senate 
concurring), That Congress— 
(1) celebrates the 50th anniversary of the 
Mackinac Island State Park Commission’s Historical 
Preservation and Museum Program; and
•HCON 325 EH 
(2) respectfully requests the Clerk of the House 
of Representatives to transmit an enrolled copy of 
this resolution to the Mackinac Island State Park 
Commission as evidence of the Commission success-
fully fulfilling its mission to protect, preserve, and 
present the historical and natural wonders of Mack-
inac Island. 
Passed the House of Representatives May 21, 2008. 
Attest: 
Clerk.
110TH CONGRESS 
2D SESSION 
H. CON. RES. 325 
CONCURRENT RESOLUTION 
Celebrating the 50th Anniversary of the Mackinac 
Island State Park Commission’s Historical Pres-
ervation and Museum Program, which began on 
June 15, 1958, and for other purposes.
HR 1065 RFS
admitted and nonadmitted insurance have experi-
enced shifts in the volume of business between ad-
mitted and nonadmitted insurance; and 
(5) the extent to which there has been a change 
in the number of individuals who have nonadmitted 
insurance policies, the type of coverage provided 
under such policies, and whether such coverage is 
available in the admitted insurance market. 
(c) CONSULTATION WITH NAIC.—In conducting the 
study under this section, the Comptroller General shall 
consult with the NAIC. 
(d) REPORT.—The Comptroller General shall com-
plete the study under this section and submit a report to 
the Committee on Financial Services of the House of Rep-
resentatives and the Committee on Banking, Housing, and 
Urban Affairs of the Senate regarding the findings of the 
study not later than 30 months after the effective date 
of this Act. 
SEC. 107. DEFINITIONS. 
For purposes of this title, the following definitions 
shall apply: 
(1) ADMITTED INSURER.—The term ‘‘admitted 
insurer’’ means, with respect to a State, an insurer 
licensed to engage in the business of insurance in 
such State. 
VerDate Aug 31 2005 
03:54 Jun 27, 2007
Jkt 059200
PO 00000
Frm 00009
Fmt 6652
Sfmt 6201
E:\BILLS\H1065.RFS
H1065
ccoleman on PRODPC75 with BILLS
HR 1065 RFS
(2) EXEMPT
COMMERCIAL
PURCHASER.—The 
term ‘‘exempt commercial purchaser’’ means any 
person purchasing commercial insurance that, at the 
time of placement, meets the following requirements: 
(A) The person employs or retains a quali-
fied risk manager to negotiate insurance cov-
erage. 
(B) The person has paid aggregate nation-
wide commercial property and casualty insur-
ance premiums in excess of $100,000 in the im-
mediately preceding 12 months. 
(C)(i) The person meets at least one of the 
following criteria: 
(I) The person possesses a net worth 
in excess of $20,000,000, as such amount 
is adjusted pursuant to clause (ii). 
(II) The person generates annual rev-
enues in excess of $50,000,000, as such 
amount is adjusted pursuant to clause (ii). 
(III) The person employs more than 
500 full time or full time equivalent em-
ployees per individual insured or is a mem-
ber of affiliated group employing more 
than 1,000 employees in the aggregate. 
VerDate Aug 31 2005 
03:54 Jun 27, 2007
Jkt 059200
PO 00000
Frm 00010
Fmt 6652
Sfmt 6201
E:\BILLS\H1065.RFS
H1065
ccoleman on PRODPC75 with BILLS
107TH CONGRESS
1ST SESSION
H. R. 2882
AN ACT
To provide for the expedited payment of certain benefits
for a public safety officer who was killed or suffered
a catastrophic injury as a direct and proximate result
of a personal injury sustained in the line of duty in
connection with the terrorist attacks of September 11,
2001.
HR 1065 RFS
(IV) The person is a not-for-profit or-
ganization or public entity generating an-
nual budgeted expenditures of at least 
$30,000,000, as such amount is adjusted 
pursuant to clause (ii). 
(V) The person is a municipality with 
a population in excess of 50,000 persons. 
(ii) Effective on the fifth January 1 occur-
ring after the date of the enactment of this Act 
and each fifth January 1 occurring thereafter, 
the amounts in subclauses (I), (II), and (IV) of 
clause (i) shall be adjusted to reflect the per-
centage change for such five-year period in the 
Consumer Price Index for All Urban Con-
sumers published by the Bureau of Labor Sta-
tistics of the Department of Labor. 
(3) HOME
STATE.—The term ‘‘home State’’ 
means the State in which an insured maintains its 
principal place of business or, in the case of an indi-
vidual, the individual’s principal residence. 
(4) INDEPENDENTLY PROCURED INSURANCE.— 
The term ‘‘independently procured insurance’’ 
means insurance procured directly by an insured 
from a nonadmitted insurer. 
VerDate Aug 31 2005 
03:54 Jun 27, 2007
Jkt 059200
PO 00000
Frm 00011
Fmt 6652
Sfmt 6201
E:\BILLS\H1065.RFS
H1065
ccoleman on PRODPC75 with BILLS