The House today overwhelmingly passed legislation that would provide a mechanism for establishing true nonresident licensing reciprocity for insurance agents.
The measure was approved by the House by a 397-6 vote. It was reported out by the Senate Banking Committee in June and is now awaiting floor action.
Industry officials privately believe that, despite the current gridlock in Congress, the program, called the National Association of Registered Agents and Brokers, has a very good chance of being enacted by this Congress.
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