Agency Licensing Reform Battle Is Far From Complete
The National Association of Insurance Commissioners this month officially certified that 35 jurisdictions have met the agency licensing reciprocity standards established under the federal Gramm-Leach-Bliley Act–six more than the minimum necessary.
Under GLB, unless that minimum of 29 had met standards providing for reciprocal treatment of non-resident producers by Nov. 12, a federal takeover of licensing procedures would have ensued through the creation of a National Association of Registered Agents and Brokers.
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