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Dodd-Frank Act – NRRA Effective Today, July 21, 2011 – Impact on U.S. Ceding Insurers
21 July 2011
View Client Update
Important preemption provisions affecting reinsurance ceded by U.S. ceding insurers contained in the Nonadmitted Insurance and Reinsurance Reform Act of 2010 (NRRA) become effective today, July 21, 2011.
California and New York have taken actions, described in this memo, that acknowledge the impact of NRRA § 531 on their state insurance laws and regulations.
Thomas M. Kelly
Nicholas F. Potter
UK Modern Slavery Act Transparency Statement
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