Senate passes NARAB bill
January 30, 2014 by Arthur D. Postal
Legislation re-establishing the National Association of Registered Agents and Brokers (NARAB) was passed today by the Senate and sent to the House.
It was passed as part of S. 1926, the Homeowner Flood Insurance Affordability Act of 2014 and National Association of Registered Agents and Brokers Reform Act of 2014.
Officials of the National Association of Insurance and Financial Advisors and the Insured Retirement Institute both voiced strong support for the decision, while cautioning that the flood provisions — not the NARAB title — faces strong opposition in the House.