Agent Licensing Uniformity
PIA supports increasing uniformity and reciprocity for producer licensing through state insurance departments and, as necessary, through targeted federal legislation.
The passage of the Gramm-Leach-Bliley Act in 1999 required the states to enact uniform or reciprocal license standards for producers. Sincer then, great strides have been made in regard to uniformity and reciprocity among the states. Nonetheless, there remain regulatory redundancies, inefficiencies, and inconsistencies that result in unnecessary costs and burdens on insurance producers and consumers.
PIA Advocates for Independent Agents by:
- Working with the National Association of Insurance Commissioners (NAIC) and state insurance departments to increase uniformity and reciprocity for producer licensing.
- Working with stakeholders to ensure that PL 114-1 (2015), which created the National Association of Registered Agents and Brokers (NARAB), is implemented in a timely and appropriate manner.
- Monitoring the activities of the Federal Insurance Office (FIO) related to producer licensing issues and working with stakeholders to ensure that the independent agency system is protected.
PIA also holds a rotating seat on the Board of Directors for the NIPR to ensure that the interests of independent agents are considered in NIPR strategic decisions.
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Thanks to Our Sponsor:
PIA National thanks the NIPR for sponsoring the Producer Licensing section of our website.