President Obama nominates Colorado Insurance Commissioner to national board

DENVER (May 27, 2016) – On May 25, President Barack Obama announced his intention to nominate Colorado Insurance Commissioner Marguerite Salazar as a member of the board of directors of the National Association of Registered Agents and Brokers (NARAB). This was part of an announcement on the nomination of several individuals to key Administration posts. 

President Obama said, “I am confident that these experienced and hardworking individuals will help us tackle the important challenges facing America, and I am grateful for their service.  I look forward to working with them.”

“I am honored to be nominated to the NARAB board by the President,” said Commissioner Salazar.  “Making insurance agent licensing smoother and more standardized across the country is key for all of the consumers who have established relationships with their agents and brokers.”

NARAB is an organization born out of the need to simplify and bring more efficiency to the licensing process for insurance agents and brokers (also known as producers).  The NARAB has specific jurisdiction to oversee insurance producer non-resident licensing and continuing education standards on a national level. Prior to its creation, producers had to meet each state’s licensing requirements.  After the NARBR was established, states shifted to reciprocity regarding producer licensing.  Now, producers licensed in their home state can choose to apply to NARAB and submit to a federal criminal background check.   For each type of insurance a producer sells, he or she is held to a single, non-resident licensing and continuing education standard, rather than one for each state.

The NARAB is governed by a 13-member governing board consisting of eight current or former insurance commissioners and five insurance industry representatives that are subject to Presidential appointment and Senate confirmation).  The board determines the licensing standards for its member producers. 

Marguerite Salazar was appointed Colorado Insurance Commissioner by Governor John Hickenlooper in 2013.  From 2010 to 2013, Ms. Salazar served as Regional Director of Region VIII for the U.S. Department of Health and Human Services.  Prior to this appointment, she served over 20 years as President/CEO of Valley-Wide Health Systems, a large, rural Community Health Center covering 22 counties in Southern Colorado and serving over 40,000 patients through 26 primary health care clinics.

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The Colorado Division of Insurance (DOI), part of the Department of Regulatory Agencies (DORA) regulates the insurance industry and assists consumers and other stakeholders with insurance issues.  Visit dora.colorado.gov/insurance for more information or call 303-894-7499 / toll free 800-930-3745
 
DORA is dedicated to preserving the integrity of the marketplace and is committed to promoting a fair and competitive business environment in Colorado. Consumer protection is our mission. Visit dora.colorado.gov for more information or call 303-894-7855 / toll free 1-800-886-7675
 

Media Contact:
Vincent Plymell
Division of Insurance
p: 303-894-2261 | c: 303-910-9614