Change, Change, Change
We all hate it but big change comes on July 21st, 2011, when the new NRRA goes into effect. The information from states is now flying around, and there is a lot of uncertainty of how this is going into effect, but we’re sure of a few things.
1. All risks effective on or after July 21st will be effected
2. The insured now pays the tax to the home state which is defined as “the principal place of business”
3. That there is going to be a lot of confusion and questions. What is true today may change tomorrow.
So the best we can say is hold on because this is going to be a fun ride.
We are doing our best to get answers but several states are just enacting the rules.
When we know more we will let you know.