NAIC's NARAB Working Group Certifies Three More States Reciprocal
The National Association of Insurance Commissioners (NAIC) NARAB Working Group has recommended that an additional three states be certified as reciprocal for purposes of the Gramm-Leach-Bliley Act (GLBA), in accordance with the NAIC's Reciprocity Standard. The additional states are: Indiana, Michigan and South Carolina.
The following 37 have already been certified reciprocal. If your state is not among the 40, we urge you to contact your department to encourage them to begin taking the steps necessary to become certified: AL, AK, AZ, AR, CO, CT, DE, DC, ID, IL, IA, KS, KY, LA, ME, MD, MA, MN, MS, MT, NE, NV, NH, NJ, NC, ND, OH, OK, OR, RI, SD, UT, VT, VA, WV, WI, WY.
This GLBA certification by the NAIC is a separate issue from the National Association of Registered Agents and Brokers Reform Act (NARAB II) (H.R. 1112), which was introduced earlier this year in the U.S. House of Representatives by Reps. Randy Neugebauer (R-Texas) and David Scott (D-Ga.). PIA has endorsed the NARAB II bill.