When we have most states adopting the NAIC standards and using the NPD system, what would a new layer of national producer licensing accomplish? That’s a rhetorical question, of course. The new HR 2554 would accomplish nothing, except it would complicate the NAIC’s successful battle to standardize producer licensing procedures. This derivative bill simply takes the hard work of the NAIC on the National Producer Database and uniform standards and it grandstands…yes, it would create some new jobs in a new federal bureacracy , but it would be counterproductive.
I’ve thought this over for some time now and have come to this conclusion. Statistically in the US there are a lot more professional and part time politicians than there are insurance agents. Sure, occassionally we see where an insurance individual has broken the common laws of decency and possibly the codefied laws. More to the point, there are a lot more instances of politicians both part time and professional who regularly break laws to the point in some instances to appear to be conducting an illegal interprise. How much money could be raised if we licensed politicians and collected our fees from them. If that were the case I would venture to guess that Fatty Murry, Maria Cantvote and Jay Easily would start selling used cars.
so they pay a federal fee for national licensing and a state fee for state licensing licensing. doesn’t sound like a deal to me
When we have most states adopting the NAIC standards and using the NPD system, what would a new layer of national producer licensing accomplish? That’s a rhetorical question, of course. The new HR 2554 would accomplish nothing, except it would complicate the NAIC’s successful battle to standardize producer licensing procedures. This derivative bill simply takes the hard work of the NAIC on the National Producer Database and uniform standards and it grandstands…yes, it would create some new jobs in a new federal bureacracy , but it would be counterproductive.
I’ve thought this over for some time now and have come to this conclusion. Statistically in the US there are a lot more professional and part time politicians than there are insurance agents. Sure, occassionally we see where an insurance individual has broken the common laws of decency and possibly the codefied laws. More to the point, there are a lot more instances of politicians both part time and professional who regularly break laws to the point in some instances to appear to be conducting an illegal interprise. How much money could be raised if we licensed politicians and collected our fees from them. If that were the case I would venture to guess that Fatty Murry, Maria Cantvote and Jay Easily would start selling used cars.