Insurance Companies and Trade Groups Want the FIO and State to End Duplicative and Overlapping Regulation - Supportive Insurance Services

The Dodd-Frank Wall Street Reform and Consumer Protection Act requires comments (due yesterday) for a statutorily required report by Federal Insurance Office (FIO) to Congress in early 2012.

Some comments received from insurance companies and trade groups suggest the FIO streamline licensing and make changes to the state regulatory system to end duplicative and overlapping regulation. Comments also suggested support of NARAB II for full reciprocity and uniformity in the agent licensing process.

The insurance licensing information provided on this blog is not legal advice and the reader is advised to consult an attorney regarding application of this information in any particular situation.

This information is brought to you by Supportive Insurance Services… Licensing Experts Saving You Time and Money!

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“I could not be happier with the decision we made so long ago. Everyone at SIS is so easy to do business with and they all possess that friendly, down to earth Indiana charm.”

Terri Young, VTC Insurance Group

“Our company has worked with Supportive Insurance Services for several years and greatly value the support and services they provide us. Starting with our Team Leader Cindy Hawkins, they are extremely responsive, pro-active, professional and friendly. We are very happy with their overall service and support.”

John Losurdo - Officer, RHSB

“Every member of the SIS staff has 100% of the time been polite, happy to talk or email, and has gotten back to us very quickly if ever a VM or email. We could not be happier with our customer service we receive from Supportive Insurance Services. Top of the line, and well worth every penny!

David R. Smith , Sanger & Altgelt LLC

“Deciding to oursource our licensing compliance to SIS was one of our best decisions we have made for our insurance agency. You have saved me and our growing team so much time and have improved our compliance. I would unconditionally recommend SIS to any growing insurance agency.”

Phil Nisbet, World Insurance Associates LLC

“It’s a pleasure doing business with Supportive Insurance Services, reliable, efficient and friendly. For over 10 years they have taken care of our license needs, transitions and/or additions, as quickly and easily as possible. Their work ethics and constant positive attitudes are second to none.”

Lynn Cutforth, LIPCA Insurance

“We have been using Supportive Insurance Services for over 4 years now and are very pleased with the entire team’s professionalism. With hundreds of agency and individual licenses to manage they are an invaluable business partner to us.”

Jonathan Hageman, Dubraski & Associates Insurance Services