NAIC To Align SBS, Producer Registry

The National Association of Insurance Commissioner says it and an affiliate are making changes that could speed up the producer licensing process.

The affiliate, the National Insurance Producer Registry, will improve the way its licensing system meshes with the NAIC’s State Based Systems products, according to the NAIC, Washington.

When producers submit complete NIPR applications to a state that uses the SBS system, the state can receive and process the applications almost immediately, then send approvals back through NIPR to the producers within a few minutes, the NAIC says.