Bipartisan legislation to introduce National Association of Registered Agents & Brokers Act of 2013 (NARAB II), which would streamline the insurance agent licensing process legislation has been introduced in both the House and the Senate with a Senate Hearing scheduled for next week, a watershed legislative event for the insurance agent industry.
In the House, Rep. Randy Neugebauer, R-Texas, joined Rep. David Scott, D-Ga., to introduce the bill to create a national agent/broker licensing entity for nonresident licensing on a multistate level.
The House of Representatives has approved NARAB twice now, but this is a milestone for the entity, as it is now being championed in the Senate by Sens. Jon Tester, D-Mont., and Mike Johanns, R-Neb.
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