The battle over whether to allow Uncle Sam to directly regulate the insurance business via an optional federal charter has split the agent/broker community wide open.

It's not news that the two most powerful producer groups–the Council of Insurance Agents and Brokers, and the Independent Insurance Agents and Brokers of America–are at odds, with CIAB a pioneer in the federal oversight campaign and the Big I a longtime backer of state regulation.

It was CIAB that first proposed a self-regulatory organization called the National Association of Registered Agents and Brokers. NARAB was stillborn despite being included as a failsafe in the 1999 Gramm-Leach-Bliley law, after enough states got their act together on uniformity in producer licensing to avoid its creation.

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