I 
110TH CONGRESS 
1ST SESSION H. R. 1065 
To streamline the regulation of nonadmitted insurance and reinsurance, and 
for other purposes. 
IN THE HOUSE OF REPRESENTATIVES 
FEBRUARY 15, 2007 
Mr. MOORE of Kansas (for himself, Ms. GINNY BROWN-WAITE of Florida, Mr. 
KANJORSKI, Mrs. MALONEY of New York, Mr. SCOTT of Georgia, Mr. 
KLEIN of Florida, Ms. BEAN, Mrs. MCCARTHY of New York, Ms. MOORE 
of Wisconsin, Mr. CLEAVER, Ms. WASSERMAN SCHULTZ, Mr. CROWLEY, 
Mr. ISRAEL, Mr. CLAY, Mr. MURPHY of Connecticut, Mr. DELAHUNT, 
Mr. WEXLER, Mr. MILLER of North Carolina, Mr. DONNELLY, Mr. 
SHERMAN, Mr. BACHUS, Mr. BAKER, Mr. KING of New York, Mr. MARIO 
DIAZ-BALART of Florida, Mrs. BIGGERT, Mr. GARRETT of New Jersey, 
Mr. FEENEY, Mr. BILIRAKIS, Mr. PUTNAM, Mr. BUCHANAN, Mr. CAMP-
BELL of California, Mr. MANZULLO, Mr. SHAYS, Mr. GILLMOR, Mr. 
MCHENRY, Mrs. CAPITO, Mr. GARY G. MILLER of California, Mr. 
PEARCE, Mr. FOSSELLA, Mr. LUCAS, Mr. NEUGEBAUER, Ms. CASTOR, 
Mr. CASTLE, Mr. RENZI, and Mr. HOLDEN) introduced the following bill; 
which was referred to the Committee on Financial Services, and in addi-
tion to the Committee on the Judiciary, for a period to be subsequently 
determined by the Speaker, in each case for consideration of such provi-
sions as fall within the jurisdiction of the committee concerned 
A BILL 
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, 
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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. 
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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 
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