Reps. David Scott (D-Ga.) and Randy Neugebauer (R-Texas) have introduced H.R. 2554, the National Association of Registered Agents and Brokers (NARAB II) Reform Act of 2009, into the House.
The legislation, more commonly known as NARAB II, aims to streamline non-resident insurance agent and broker licensing by promoting reciprocity among state insurance offices. The bill is drawing plaudits from brokers, who contend the law will ease the burden of producers who work across multiple states.
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