NAIFA Applauds House Passage of Agent Licensing Reform Bill
Lee Allen, Vice President of Communications and Marketing, NAIFA
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FALLS CHURCH, VA (March 2, 2010) — The National Association of Insurance and Financial Advisors (NAIFA) President Tom Currey CLU, ChFC, LUTCF, issued the following statement today in response to House passage of H.R. 2554, the National Association of Registered Agents and Brokers Reform Act of 2009 (NARAB II).
“Insurance regulatory reform is a top priority for NAIFA, and NARAB II is a positive step in that direction. The majority of NAIFA members are licensed in multiple states and keeping up with the licensing requirements of each state are often redundant and costly. NAIFA is proud to support NARAB II because it just makes sense to eliminate unnecessary costs and duplicative regulation that make it more difficult to serve the clients that depend on us.
“We appreciate the bipartisan efforts of Representatives David Scott and Randy Neugebauer to bring this bill to the House floor, and we will continue to help in any way possible to see this bill come to fruition."
About NAIFA: The National Association of Insurance and Financial Advisors comprises more than 700 state and local associations representing the interests of approximately 200,000 agents and their associates nationwide. NAIFA members focus their practices on one or more of the following: life insurance and annuities, health insurance and employee benefits, multiline, and financial advising and investments. The Association’s mission is to advocate for a positive legislative and regulatory environment, enhance business and professional skills, and promote the ethical conduct of its members.