Other State Reform Efforts

Working together (under the umbrella of the NAIC) state regulators in June of 2004 released a proposal to reform the insurance regulatory system, the Roadmap for Regulatory Modernization. NAIC's roadmap seeks to improve state regulation by tackling some of the same issues addressed by federal proposals – such as speed-to-market, streamlined agent licensing, and a more consistent market conduct exam process. The Interstate Compact addresses one component of that initiative, but the are other efforts underway to address other areas in need of reform.

With regard to producer licensing, the NAIC is working with the states to streamline the agent-licensing system. Agent licensing is improved if NAIFA members can spend less time filling out paperwork and more time helping clients. And if every state had the same licensing rules it would clear the way for all states to grant non-resident licenses efficiently. Toward this end, the NAIC has adopted a set of uniform standards for resident producer licensing, and states are beginning to implement these standards.

Listen to the NAIFA GovPod on the State of State Insurance Regulation.

Staff Contacts:

William Anderson
Senior Vice President, Law and Government Relations
wanderson@naifa.org

Michael Gerber
Vice President and General Counsel
mgerber@naifa.org

More Information:

Online Producer Licensing
NAIC Assesses State-By-State Producer Licensing Regulation (NAIFA GovTalk, March 3, 2008)
NAIFA’s February GovPod Delivers a “State of the States” on Regulatory Reform (NAIFA GovTalk, February 1, 2008)
Online System Simplifies Agent Licensing (NAIFA Frontline, August 1, 2007)
Make Agent Licensing Work for Agents (January 2007 Advisor Today)
NAIFA Helps State Regulators Improve Agent Licensing (NAIFA Frontline, November 15, 2006)
One Standard for Agency Licensing (August 2004 Advisor Today)
State Legislative Grid Description of Non-Resident Producer Licensing (August 31, 2006)
State Legislative Grid Description of Uniform Producer Licensing (August 31, 2006)
NAIC Proposes Revised Agent Fingerprint Law (NAIFA Frontline, April 1, 2006)
Producer Licensing Project Seeks Larger Field Force (NAIFA Frontline, March 1, 2006)
NAIC Fingerprint Model Hits Roadblock (NAIFA Frontline, February 1, 2006)
ACLI Joins NAIFA in Support of Uniform Agent Licensing Rules (NAIFA Frontline, March 1, 2005)

Helpful State Regulation Website Links

Back to Main Insurance Regulatory Reform Page

Interstate Insurance Product Regulation Compact
Optional Federal Charter
NARAB II
Other State Reform Efforts

Visit NAIFA's Legislative Action Center to learn more about the Interstate Compact.