Brokers’ lives are (hopefully) about to get a little easier.
President Obama late Monday signed into law a bill re-establishing the National Association of Registered Agents and Brokers, which aims to ease the ability of brokers to sell insurance in states across the United States.
The legislation would set the stage for killing the current regulation that agent and client must live in the same state to do business together.
The legislation was attached to a bill renewing the Terrorism Risk Insurance Act. Both the House and the Senate quickly pushed the bill through last week.