Which state is NOT listed as a participant in the Nonadmitted Insurance Multistate Agreement (NIMA)?

The Nonadmitted Insurance Multistate Agreement (NIMA) is a collaborative effort among several states to streamline the regulation of nonadmitted insurance, such as surplus lines insurance, which enables easier placement of coverage across state lines. Being a participant in NIMA allows for uniformity in the treatment of nonadmitted insurance and helps facilitate the regulatory process.

Kentucky is not listed as a participant in NIMA, meaning it does not share in the streamlined processes or regulatory agreements with other states involved in this initiative. Consequently, insurance coverage placed in Kentucky would not benefit from the collaborative frameworks established by NIMA, making it distinct from the other states listed in the options, such as Florida, Utah, and Nevada, which are indeed active participants in the agreement. This aspect is central to understanding the dynamics of surplus lines and the regulatory environment affecting them.