Independent Insurance Agents and Brokers of America (IIABA) is trying to enlist the Treasury Department to support targeted legislation that would create true agent-licensing reciprocity across the country.
The IIABA made its views known in a letter to the Federal Insurance Office (FIO). The missive makes clear that the IIABA does not support overall federal regulation of insurance.
It does say, though, that the FIO should support legislation that would create the National Association of Registered Agents and Brokers (NARAB). The legislation has been around for more than a decade and was introduced in the House last year as H.R. 1112.
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