Sen. Rod Grams, R-Minn., chairman of the Subcommittee on Securities, has announced an oversight hearing on Section 321 of the Gramm-Leach-Bliley Act, which deals with insurance regulation. The hearing will focus on states' flexibility in multi-state licensing reforms and creation of the National Association of Registered Agents and Brokers.

"Of all the provisions in the Gramm-Leach-Bliley Act, the NARAB provision will be among the most challenging to implement," Grams said. "Implementation will require cooperation among numerous parties, including the state legislatures of more than half the states. For that reason, this week's hearing will be important to assure that appropriate steps are being taken"

WHEN:

10:00 a.m., Wednesday, April 12

WHERE:

Room 538 Dirksen Senate Building

WHO:

Terri M. Vaughan
Iowa Commissioner Of Insurance
Secretary-Treasurer, National Association of Insurance Commissioners

Clare Farragher
President
National Conference of Insurance Legislators

Robert A. Gleason, Jr.
Chairman
Council of Insurance Agents and Brokers

Ronald A. Smith
Past President
Independent Insurance Agents of America