What You Need to Know
- The NAIC created NIPR in 1996.
- It now holds about 7.7 million agent and broker records.
- It produced 38 million credentialing and report transactions in 2019.
The National Insurance Producer Registry (NIPR) wants to do more to help insurance agencies and insurance brokerage firms.
The agent and broker license recordkeeping company says it’s adding a contact information update service aimed at agencies, brokers and other “business entities.”
If an agency or insurance brokerage firm moves or makes other contact information changes, it can send the new contract information to state regulators.
The service can eliminate the need for an agency or broker to send contact information updates to multiple states, according to Karen Stakem-Hornig, NIPR’s CEO.
NIPR already provides “Contact Change Request” services, or CCR services, for individual agents and brokers.
The new CCR expansion is now available in Arizona, Nebraska, North Carolina, North Dakota and Rhode Island.
“NIPR plans a phased rollout for future states,” according to NIPR.
The National Association Insurance Commissioners created NIPR in 1996, in an effort to improve the process for licensing insurance agents and brokers.