An estimated 60 percent of the Independent Insurance Agents & Brokers of America (IIABA)’s membership employs a full-time staffer to keep track of agent’s licenses in multiple states. If the IIABA has its way, a bipartisan insurance agent licensing reform bill will relieve small agencies of that burden.

“It would create one-stop non-residence licensing for insurance agents and brokers,” IIABA Federal Government Affairs VP John Prible told Insurance Networking News. “Once licensed in their home state, an agent who applied for membership in NARAB would then be allowed to operate in any additional state just by paying the licensing fee.”

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