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Missouri insurance director nominated to national board

JEFFERSON CITY, Mo. – Missouri’s Department of Insurance Director John M. Huff will be nominated to serve on the board of directors of the new National Association of Registered Agents and Brokers, the agency announced Wednesday.

The newly created organization will create a one-stop licensing process for insurance agents and brokers who do business across state lines.

Obama nominated Huff to the position.

The National Association of Registered Agents and Brokers (NARAB) will set up a standard licensing procedure for insurance agents and brokers who do business in more than one state. Even with the national standards, agents and brokers will still be responsible for resident licensure under their home state’s insurance regulations.

Huff
Huff

“I am honored by President Obama’s announcement and look forward to serving on NARAB’s Board of Directors,” Huff said. “It is imperative that we leverage technology and cut burdensome red tape to reduce regulatory costs so that insurance agents and brokers can continue to effectively serve consumers.”

Huff, also the 2016 president of the National Association of Insurance Commissioners would be one of 13 members of the panel. It will include eight state insurance commissioners and five insurance industry representatives.

Huff must be confirmed by the U.S. Senate.