STATES PRAISED FOR REACHING RECIPROCITY GOAL FOR PRODUCER LICENSING

State legislatures in more than the required 29 states recently met reciprocity requirements for producer licensing laws under the Gramm/Leach/ Bliley Act. The National Association of Insurance Commissioners (NAIC) approved the states’ certification during a recent interim conference call, beating the deadline of Nov. 12, 2002 for enactment of reciprocity laws under GLB. The NAIC’s National Association of Registered Agents and Brokers (NARAB) Working Group voted to approve certification of the 35 states that met the reciprocity requirements spelled out in the federal law. The 35 states that have met the reciprocity requirements are: Alabama, Arizona, Arkansas, Colorado, Connecticut, Delaware, Georgia, Hawaii, Illinois, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Michigan, Minnesota, Mississippi, Nebraska, Nevada, New Hampshire, New Jersey, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Rhode Island, Texas, Utah, Vermont, Virginia, West Virginia, Wisconsin, and Wyoming.