Obama Nominates Additional NARAB Board Members

President Obama on Monday nominated three more individuals to the board of the National Association of Registered Agents and Brokers, also known as NARAB II. Once the NARAB board reaches its statutory membership of 13, agents and brokers registered with NARAB will be able to sell or broker insurance in any state based on a home-state license. Re-establishing NARAB has been a longstanding priority for American Bankers Association members who are in the insurance business.

This round of nominations brings the total number of nominees to 10. The latest nominees are John Huff, president of the National Association of Insurance Commissioners and director of the Missouri Department of Insurance; Lori Wing-Heier, director of the Alaska Division of Insurance; and Robert Suglia, SVP and general counsel at Amica Mutual Insurance Company.