Contact:	Caroline Holland (202) 543-1440 c.holland@att.net
For Release:	Immediate News Bulletin PR-17 March 20, 2008

Interstate Insurance Agent Licensing Bill
Introduced in Congress

Bipartisan Bill Aims to Establish a Standard Set of Licensing Rules

WASHINGTON, D.C., March 20, 2008 - Reps. David Scott, D-Ga., and Geoff Davis, R-Ky., have introduced H.R. 5611, the National Association of Registered Agents & Brokers Reform Act (NARAB II). The bill aims to modernize the current system of insurance agent licensing as it applies to those who are registered in multiple states. If passed, H.R. 5611 will establish the National Association of Registered Agents and Brokers (NARAB), a non-profit organization to regulate licensing standards on a nationwide scale.

This bill would not replace the current state-based regulatory system or reduce the requirements for agent licensure. Instead, H.R. 5611 allows producers who are licensed and operate in multiple states to comply with a standard set of licensing and continuing education rules. This concept was originally proposed in the Gramm-Leach-Bliley Act of 1999.

The National Association of Insurance and Financial Advisors and the Independent Insurance Agents and Brokers of America both support the legislation, while the American Insurance Association opposes the bill.

To view H.R. 5611, visit ASA’s legislative Web site, www.TakingTheHill.com. The bill can be found by clicking “Track Current Legislation” on the home page. The legislation is listed under “Key Bills in Congress.”

The Automotive Service Association is the largest not-for-profit trade association of its kind dedicated to and governed by independent automotive service and repair professionals. ASA serves an international membership base that includes numerous affiliate, state and chapter groups from both the mechanical and collision repair segments of the automotive service industry. ASA's headquarters is in Bedford, Texas.

ASA advances professionalism and excellence in the automotive repair industry through education, representation and member services. For additional information about ASA, including past news releases, go to www.ASAshop.org, or visit ASA's legislative Web site at www.TakingTheHill.com.

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