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Tuesday, July 12, 2016

President Obama Nominates Additional Directors to the NARAB Board

President Barack Obama has nominated three additional individuals to sit on the board of directors of the National Association of Registered Agents and Brokers (NARAB). NAIC President John Huff, Alaska Insurance Director Lori Wing-Heier, and Amica Mutual Insurance Company Senior Vice President and General Counsel Robert Suglia have been nominated to the governing board, which will streamline licensing of nonresident insurance producers. The three nominations this month bring the total of Obama's nominations to 10, which his still short of the 13 needed for the NARAB board to operate. Once established, ABIA will work with the board and the National Association of Insurance Commissioners (NAIC) to implement NARAB II.