Congress would be required to re-vote several years down the road on whether to sustain enactment of legislation creating a clearinghouse aimed at streamlining agent licensing, according to Senate legislation.
An agreement by the Senate leadership clearing the way for a vote today or Wednesday on legislation reauthorizing the Terrorism Risk Insurance Act (TRIA) for seven years allows a vote on an amendment that will establish the National Association of Registered Agents and Brokers (NARAB).
However, as the price for allowing the amendment to be added, Sen. Tom Coburn, R-Okla., insisted that a provision be included sunsetting NARAB two years after enactment.
Recommended For You
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
