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NAIC Producer Licensing Enhancements Recommended by Industry

Most states have adopted producer licensing reform legislation within the past couple of years, and most of the new laws are substantially similar to the...
March 10, 2003

Most states have adopted producer licensing reform legislation within the past couple of years, and most of the new laws are substantially similar to the NAIC's Producer Licensing Model Act. Each law has its own differences, which are seemingly minor, but 56 "minor" differences thwart uniformity and complicate operations for those dealing in more than one state.

Therefore, carrier and producer groups, including PIA, have come together to advise NAIC what these differences are and recommend changes consistent with the Act. In preparation for the NAIC meetings in Atlanta, Georgia on April 8-11, the industry sent a letter to NAIC President Mike Pickens (Ark) and other members of NAIC Leadership outlining the differences and recommendations.

Partially in response to the issues raised in this letter, the NAIC Producer Licensing Working Group now meeting in Atlanta directed staff to conduct a survey of the states to determine each state's implementation and compliance with the producer licensing and appointments standards adopted in 2002. A report on the survey will be made at or prior to the meeting NAIC meeting in June.

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