Groups Push For Streamlined Licensing Of Insurance Agents

Law360, New York (June 14, 2012, 6:40 PM EDT) -- Ten insurance industry groups on Tuesday called on members of the U.S. Senate to support legislation that would establish a federal licensing center for insurance agents and brokers who work across state lines, a measure they argue is needed to reduce regulatory burdens.

The bill would set up a licensing clearinghouse called the National Association of Registered Agents and Brokers, which could give insurance agents and brokers approval to operate on a multistate basis. Supporters of S. 2342 say NARAB would eliminate duplicative state licensing requirements,...
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