Although the National Assn. of Registered Agents and Brokers (NARAB II) bill passed the House this year, it still faces a possible challenge in the Senate, which means agents and brokers who conduct business in multiple states still have to comply with a patchwork quilt of licensing and CE standards.
Until NARAB becomes a reality (and the concept has been around for almost 10 years), agents seeking some sort of licensing streamlining can access the National Insurance Producer Registry (NIPR)--a system that creates virtual uniformity through a comprehensive electronic database of producer information.
This nonprofit affiliate of the NAIC links participating state regulatory licensing systems into a single clearinghouse for all producer licensing data, updated daily. NIPR's goal is to work with states, industry and other stakeholders to be the "one-stop shopping" facility for all electronic producer licensing transactions.
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