The National Insurance Producer Registry is a unique public-private endeavor that aims to streamline the producer-licensing process in the U.S.
Massachusetts Commissioner of Insurance Joseph Murphy has been appointed to the National Insurance Producer Registry (“NIPR”) Board. He is one of two new member appointments to the NIPR board in 2014. The other appointee is Nevada Insurance Commissioner Scott J. Kipper. The current NIPR President, New Hampshire Insurance Commissioner Roger A. Sevigny was re-lected to another term. A member of the NIPR board since 2007, Mr. Sevigny has served as president of the registry since 2012.
“We are pleased to welcome Commissioners Murphy and Kipper to the board,” said New Hampshire Insurance Commissioner Roger A. Sevigny. “They both bring vital insurance regulatory experience and a commitment to helping NIPR advance the process to benefit the industry, regulators and producers alike.”
Incorporated in 1996, the NIPR is a non-profit affiliate of the National Association of Insurance Commissioners (NAIC). It is governed by a 13 member board of directors, with approximately half (six) of the members representing the NAIC and the other half (six) representing industry trade associations. The CEO of the NAIC is an ex-officio voting board member. The vision of the NIPR is to provide a one-stop shopping venue for any and all types of electronic producer licensing. In speaking to Agency Checklists last year, the NIPR explained the important of the registry and how it can help Massachusetts insurance producers.
“When a producer (or the producer’s authorized submitter) needs to obtain these licenses, they now have a centralized solution which is more efficient than using a combination of solutions i.e. multiple web-sites or paper. Using a standardized format, the NIPR online applications verify producer information with NIPR’s Producer Data Base; the applications automatically calculate fees and allow the user to apply in all states using a single application. Sometimes the process for certain states can take less than half a day.”
Massachusetts was one of the last states to join the NIPR. It did so in April of 2013.