In an effort to keep the possibility of a national insurance broker licensing clearinghouse alive, the language for NARAB has been included in a flood insurance bill (S. 1846) that’s teed up for vote in the U.S. Senate the week of Jan. 27.

NARAB II passed the U.S. House in September as a standalone bill (H.R. 1155) but is stalled in the Senate on its own. The intent of the legislation is to create the National Association of Registered Agents and Brokers, which would have a 13-member board appointed by the president and confirmed by the Senate; members of the organization would have a simpler time obtaining licenses to practice insurance outside of their state of residence.

Register or login for access to this item and much more

All Employee Benefit Adviser content is archived after seven days.

Community members receive:
  • All recent and archived articles
  • Conference offers and updates
  • A full menu of enewsletter options
  • Web seminars, white papers, ebooks

Don't have an account? Register for Free Unlimited Access