(This article was derived from a panel discussion at the 78th Annual AAMGA Meeting, which was held in May in Phoenix.)

UNDER pressure from the federal government, state insurance departments are moving toward a more uniform and streamlined approach to insurance regulation. The initial impetus was the passage of the federal Gramm-Leach-Bliley Financial Modernization Act of 1999. It contained a provision calling for the creation of a National Association of Registered Agents and Brokers (NARAB) if at least 29 states did not enact uniform or reciprocal licensing laws for nonresident producers by November 2002.

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