FOR IMMEDIATE RELEASE
NEW ON-LINE MULTI-STATE PROCESSING FOR LICENSEES
Superintendent Gregory V. Serio today announced that New York State, has commenced on-line processing of non-resident insurance broker licenses through a national licensing system, the National Insurance Producer Registry (NIPR), allowing for a streamlined multi-state licensing process. The national licensing system is part of an overall initiative to reform the producer licensing process in New York. In June 2001, New York successfully implemented an on-line renewal process for life and accident and health licenses. In ten days, more than 2,200 licenses were renewed electronically over the internet.
"The Departments participation in NIPR is a crucial addition to the continuum of New Yorks regulatory reform effort, spearheaded by Governor Pataki, to better protect New Yorks consumers and to improve the operating environment for agents and brokers in New York State," said Serio. "NIPR will eliminate state licensing barriers and allow multi-state licensing with the filing of just one uniform application."
In addition to New York, Iowa, Colorado and Ohio are in production through NIPR for non-resident licensing. However, New York is the largest state to implement this technology.
"The realization of a national licensing system is within reach," added Serio. "States are finding that the processing efficiencies gained by NIPR are enormous."
NIPR allows for:
NIPR is a national licensing system controlled by the states which manage and operate the electronic initiatives of the NAIC, specifically the Producer Database (PDB), and an automated agent appointment and termination processing initiative (PIN). These two initiatives, PDB and PIN support the third and most important initiative electronic multi-state, non-resident licensing (NRL). The electronic database, the PDB, stores a significant part of the individual states licensing data which automatically allows an agent, company or an insurance regulator anywhere in the country to process licenses and appointments and terminations from a single point of entry.