NAIFA reacts to Senate not Reauthorizing TRIA (Falls Church, VA – Insurance News and Markets) - The National Association of Insurance and Financial Advisors (NAIFA) recently released a statement regarding the Senate’s failure to pass the Terrorism Risk Insurance Program Reauthorization Act (TRIA). The reauthorization of TRIA would also create the National Association of Registered Agents and Brokers (NARAB), which, the NAIFA says would have increased the efficiency of insurance agents’ multi-state operations. “NAIFA has worked hard to educate Congress about the potential benefits NARAB II would have offered to agents, brokers and consumers. NAIFA members are often small business owners who serve the middle market. NARAB II would eliminate much of the red tape they experience when they are licensed in multiple states,” said NAIFA President Juli Y. McNeely. “The goal of NARAB is to improve the marketplace and make it more efficient. That is a good thing for agents and the consumers they serve, because the agent-client relationships are built on trust, consumer confidence, and superior service. They should not have to end if a client moves to a different state.” Source: National Association of Insurance and Financial Advisors.
Posted on: Wed, 21 Jan 2015 01:00:00 +0000
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