Agent Licensing Reform?

Insurance agents and brokers still struggle with licensing requirements despite dramatic changes over the last few years.  The NAIC met recently, and continued discussions towards agent and broker licensing reform (see here).  The NAIC’s Producer Licensing Working Group identified four key issues that they would work on:

• the elimination of duplicative licensing burdens imposed on agencies
• reform and perhaps elimination of the appointment process
• the development of an optional best practices handbook
• the creation of a centralized system where producers could report address changes, administrative actions and/or criminal prosecutions to all appropriate jurisdictions

It would be nice.

 

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Comments

[Evan]

Interesting concept, but is it believabe that a "best practices" handbook would really help the insurance field at all?