15 U.S.C. § 6752 — Purpose
submitted 11 years ago by Pub. L. 106-102 to r/title-15-COMMERCE-AND-TRADE · 126 words · no verdicts yet
This section states the purpose of the National Association of Registered Agents and Brokers provisions. The purpose concerns uniform insurance-producer licensing standards and reduced burdens on interstate insurance activity.
The purpose of the Association must be to provide a mechanism through which licensing, continuing education, and other nonresident insurance producer* qualification requirements and conditions may be adopted and applied on a multi-state* basis without affecting the laws, rules, and regulations, and preserving the rights of a State, pertaining to—
(1) licensing, continuing education, and other qualification requirements of insurance* producers that are not members of the Association;
(2) resident or nonresident insurance producer appointment requirements;
(3) supervising and disciplining resident and nonresident insurance producers;
(4) establishing licensing fees for resident and nonresident insurance producers so that there is no loss of insurance producer licensing revenue to the State; and
(5) prescribing and enforcing laws and regulations regulating the conduct of resident and nonresident insurance producers.
The purpose of the Association shall be to provide a mechanism through which licensing, continuing education, and other nonresident insurance producer* qualification requirements and conditions may be adopted and applied on a multi-state* basis without affecting the laws, rules, and regulations, and preserving the rights of a State, pertaining to—
licensing, continuing education, and other qualification requirements of insurance* producers that are not members of the Association;
resident or nonresident insurance producer appointment requirements;
supervising and disciplining resident and nonresident insurance producers;
establishing licensing fees for resident and nonresident insurance producers so that there is no loss of insurance producer licensing revenue to the State; and
prescribing and enforcing laws and regulations regulating the conduct of resident and nonresident insurance producers.
Source credit: (Pub. L. 106–102, title III, § 322, as added Pub. L. 114–1, title II, § 202(a), Jan. 12, 2015, 129 Stat. 13.)
- 2015Enacted · Pub. L. 106-102 · 129 Stat. 13
A history note hasn’t been published yet. The record shows enactment by Pub. L. 106-102 on 2015-01-12.
all 0 arguments · sorted by: best
no arguments yet — make the first case