Terrorism Risk Insurance Program Reauthorization Act of 2015

This is a legislative bill, the National Association of Registered Agents and Brokers Reform Act. The bill establishes a new regulatory body, the National Association of Registered Agents and Brokers (NARAB), to oversee the registration and licensing of insurance producers across states. The bill creates a 13-member Board of Directors for NARAB, with 8 state insurance commissioners serving on the board and 3 having expertise in property or casualty insurance production, and two having experience in life or health insurance production. The bill provides for a number of protections and safeguards, including provisions related to consumer complaints, disciplinary actions, and the prevention of discriminatory practices against non-member producers. The bill also establishes a requirement for NARAB to submit regular reports to Congress on its activities and financial condition. The bill has been amended by other legislation, the Business Risk Mitigation and Price Stabilization Act, which adds new requirements related to margin requirements for commodity exchanges and securities exchanges.