Given the fact that getting an optional federal charter approved anytime soon is probably a pipe dream, I hope the industry rallies around the latest proposal to use Uncle Sam not as the industry’s ultimate regulator, but more as a facilitator to make multistate licensing of agents and brokers more efficient. I also can’t help but wonder why the same concept could not be applied to national licensing of insurance companies and adjusters as well.

As reported last week by our own Arthur Postal, the bipartisan NARAB Reform Act was introduced in the House of Representatives by Rep. David Scott, D-Ga., and Geoff Davis, R-Ky.

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