Insurance Producer Licensing from NARAB to Now: The Promise, Progress and Failures

Published by The Council Foundation in January 2014, this study evaluates the state of insurance producer licensing following the Gramm-Leach-Bliley Act's NARAB provisions. It documents persistent inefficiencies, redundancies, and inconsistencies across state licensing systems that raise costs for producers and consumers. The report makes the case for NARAB 2—federal clearinghouse legislation for non-resident producer licensure—and provides a detailed state-by-state assessment of current requirements, arguing that uniform national standards remain an unreached but essential goal.