Bill To Streamline Licensing Of Agents Sails Through House

Law360, New York (September 11, 2013, 3:53 PM EDT) -- The U.S. House of Representatives on Tuesday overwhelmingly approved a bill that would create a national clearinghouse to license insurance agents and brokers who work in multiple states, legislation that supporters say will ease long-standing regulatory headaches.

The House passed H.R. 1155 on Tuesday with a 397-6 vote, nearly six months after Rep. Randy Neugebauer, R-Texas, introduced the measure.

The National Association of Registered Agents and Brokers Reform Act would eliminate redundant, costly and sometimes contradictory requirements for licensing in different states, according to Neugebauer, the...
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