NIPR 2010 ANNUAL REPORT HIGHLIGHTS PRODUCER LICENSING ADVANCEMENTS
AUSTIN, Texas (March 25, 2011) — The National Insurance Producer Registry (NIPR) today released its 2010 Annual Report highlighting the significant advancements made in producer licensing.
In 2010, NIPR implemented 124 initiatives expanding initial producer licenses and renewals for residents and non-residents, including major and limited lines. The organization also enhanced products offered through their Authorized Business Partners to include online resident licensing applications and renewals as well as address change requests. Thirteen states were added for resident licensing and eight states were added for resident licensing renewals, for a total of 34 and 27 states respectively.
“We marked significant achievements this year, including exceeding last year’s record number of state project implementations and reaching a milestone with the 100th million transaction processed through the NIPR Gateway,” said NIPR Executive Director Maryellen Waggoner. “Reaching these goals advances NIPR’s mission of a partnership that supports the work of the states and the National Association of Insurance Commissioners. We will continue our efforts to make producer-licensing more cost-effective, streamlined and uniform for the benefit of regulators, the insurance industry and consumers.”
Click HERE to view the NIPR’s 2010 Annual Report.
Incorporated in October 1996, the National Insurance Producer Registry (NIPR) is a non-profit affiliate of the National Association of Insurance Commissioners (NAIC). NIPR developed and implemented the Producer Database (PDB) and Electronic Appointments/Terminations. NIPR is governed by a board of directors that includes seven members representing the NAIC and six industry members representing a cross-section of the insurance industry. For more information, visit www.nipr.com.