House Approves Insurance Broker Licensing Bill

Law360, New York (March 4, 2010, 12:47 PM EST) -- A bill to create a national licensing center for insurance agents and brokers has won the approval of the U.S. House of Representatives, but faces an uncertain future in the Senate.

The National Association of Registered Agents and Brokers Reform Act, which would establish licensing and other insurance producer qualification standards, passed the House on a voice vote Wednesday.

Matt Brady, a spokesman for the National Association of Mutual Insurance Companies, said that the group does not expect the bill to advance in the Senate, given...
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