Congress looks at interstate insurance agent licensing bill

Introduced by Reps. David Scott (D-Ga.) and Geoff Davis (R-Ky), H.R. 5611, the National Association of Registered Agents & Brokers Reform Act (NARAB II), would establish the National Association of Registered Agents and Brokers (NARAB), a non-pro
Jan. 1, 2020

WASHINGTON – The House of Representatives has taken up legislation aimed at modernizing the current system of licensing insurance agents who are registered in multiple states. Introduced by Reps. David Scott (D-Ga.) and Geoff Davis (R-Ky), H.R. 5611, the National Association of Registered Agents & Brokers Reform Act (NARAB II), would establish the National Association of Registered Agents and Brokers (NARAB), a non-profit organization that would regulate licensing standards on a nationwide scale.

This bill does not replace any current state-based regulatory systems nor does it reduce the requirements for agent licensure. H.R. 5611 permits agents who are licensed and operate in multiple states to comply with a standard set of licensing and continuing education rules. This concept originally was originally proposed in the Gramm-Leach-Bliley Act of 1999.

Coming out in support of the bill were the National Association of Insurance and Financial Advisors (NAIFA) and the Independent Insurance Agents and Brokers of America (IIABA). The American Insurance Association opposes the bill.

The bill can be viewed at the ASA’s legislative Web site www.TakingTheHill.com. Click Track Current Legislation on the home page. The bill is listed under Key Bills in Congress.

Subscribe to our Newsletters

Latest in News

Enterprise/Tasco Auto Color
Enterprise and Tasco Logo
Enterprise and Tasco Auto Color continue to support the Collision Industry Foundation program at the second highest tier, Urgent Care, for donors that contribute $5,000-$10,000...
June 19, 2025
Adobe Stock 200930201
adobestock_200930201
The insurance company said it has control of its systems and hasn’t detected any evidence of ransomware or ongoing threat actor activity since the June 7 attack.
June 19, 2025
MSCRA
MSCRA Logo
The Mountain States Collision Repair Association’s first in-person event features four industry experts and networking opportunities at Downhill Brewing in Parker, Colorado.
June 19, 2025