NU Online News Service, March 4, 10:46 a.m. EST
WASHINGTON–The U.S. House of Representatives has passed the National Association of Registered Agents and Brokers reform act that would ease multi-state activity by producers.
Approval came last night on a voice vote for the bill, commonly known as NARAB II (H.R. 2554). The measure is an amendment to the Gramm-Leach-Bliley Act to reestablish the national registration of insurance agents as a nonprofit corporation to allow for agent reciprocity across state lines.
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