"NAIFA applauds Chairman Neugebauer's authorship of NARAB II as an amendment to the TRIA Reform Act," said NAIFA President John Nichols. "The facilitation of interstate agent and broker nonresident licensure is a win for insurance agents and brokers, but more importantly it’s a win for consumers. Relationships forged between agents and their clients are important and often last for decades. These relationships are built on trust, consumer confidence, and superior service. They shouldn’t have to end simply because a client moves to a different state."
The bill next goes to the full House of Representatives for consideration.