The White House has expressed concerns about some technical provisions of legislation that would re-establish the National Association of Registered Agents and Brokers (NARAB).
At the same time, Sen. Tom Coburn, R-Okla., has proposed an amendment to the legislation that would allow states to opt-out, a provision that concerns industry officials.
"An opt-out sounds appealing but in reality is a poison pill," said Joel Wood, senior vice president of government relations at the Council of Insurance Agents and Brokers.
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