https://www.insurerbrain.com/w/index.php?action=history&feed=atom&title=Definition%3ANon-admitted_Insurance_Multi-State_Agreement_%28NIMA%29 2026-06-17T12:47:04Z Revision history for this page on the wiki MediaWiki 1.43.8 https://www.insurerbrain.com/w/index.php?title=Definition:Non-admitted_Insurance_Multi-State_Agreement_(NIMA)&diff=7960&oldid=prev 2026-03-10T13:33:00Z

<p>Bot: Creating new article from JSON</p> <p><b>New page</b></p><div>📜 &#039;&#039;&#039;Non-admitted Insurance Multi-State Agreement (NIMA)&#039;&#039;&#039; is an interstate compact that establishes a uniform framework for allocating [[Definition:Surplus lines tax | surplus lines premium taxes]] among states when a [[Definition:Non-admitted insurer | non-admitted insurer]] covers risks located in multiple jurisdictions. Adopted in response to the [[Definition:Nonadmitted and Reinsurance Reform Act (NRRA) | Nonadmitted and Reinsurance Reform Act (NRRA)]] of 2010, NIMA provides a voluntary mechanism through which participating states agree to share tax revenue so that the [[Definition:Surplus lines broker | surplus lines broker]] remits taxes to a single state—the insured&#039;s [[Definition:Home state | home state]]—rather than filing separately in every state where the risk is situated.<br /> <br /> 🔄 Under NIMA&#039;s operational model, the home state collects the full [[Definition:Surplus lines tax | surplus lines tax]] on a [[Definition:Multi-state risk | multi-state placement]] and then distributes allocated portions to other participating states based on the share of risk or [[Definition:Premium | premium]] attributable to each jurisdiction. A clearinghouse facilitates these transfers, relieving [[Definition:Surplus lines broker | brokers]] and [[Definition:Surplus lines stamping office | stamping offices]] of the burden of reconciling tax obligations across dozens of individual state rules. States that join NIMA commit to accepting a standardized allocation formula, which simplifies [[Definition:Compliance | compliance]] for [[Definition:Insurance producer | producers]] and [[Definition:Managing general agent (MGA) | MGAs]] that regularly place [[Definition:Surplus lines insurance | surplus lines]] coverage for accounts with exposures spread across the country.<br /> <br /> 📌 Not every state has chosen to participate, which means the [[Definition:Surplus lines | surplus lines]] market still contends with a patchwork of tax-collection regimes. For brokers handling large, geographically diverse accounts—think national [[Definition:Commercial property insurance | property]] or [[Definition:General liability insurance | liability]] programs—knowing which states are NIMA members and which impose their own independent reporting requirements is essential to avoiding penalties and [[Definition:Regulatory compliance | regulatory complications]]. The agreement&#039;s broader significance lies in its attempt to bring order to one of the most administratively complex corners of U.S. [[Definition:Insurance regulation | insurance regulation]], and its effectiveness hinges on continued state adoption.<br /> <br /> &#039;&#039;&#039;Related concepts&#039;&#039;&#039;<br /> {{Div col|colwidth=20em}}<br /> * [[Definition:Nonadmitted and Reinsurance Reform Act (NRRA)]]<br /> * [[Definition:Surplus lines insurance]]<br /> * [[Definition:Surplus lines tax]]<br /> * [[Definition:Non-admitted insurer]]<br /> * [[Definition:Home state]]<br /> * [[Definition:Surplus lines stamping office]]<br /> {{Div col end}}</div>

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