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Postal codes: USA: 81657, Canada: T5A 0A7

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What does PLMA stand for?

Producer Licensing Model Act (New York state)


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This definition appears very rarely and is found in the following Acronym Finder categories:

  • Military and Government

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Samples in periodicals archive:
In an effort to preserve state regulation, the NAIC worked to increase licensing reciprocity through promulgation and widespread adoption of the Producer Licensing Model Act (PLMA) beginning in 2000.
Now, because the attorney general's office, in its settlements with Marsh and Aon, appears to be reinforcing, even expanding, this long-held position of the New York State Insurance Department, and because Marsh and Aon do business nationwide, important precedents are being set with respect to producers who do not have direct contact with the end users of insurance, despite the incorporation in the NAIC Producer Licensing Model Act of language seemingly exempting wholesale brokers.
In fact, while more than 40 states had enacted some form of the NAIC's Producer Licensing Model Act as of mid-June, Allen notes that several states "have enacted new licensing laws that do little or nothing to change barriers for entry for nonresident producers.
The NAIC's Producer Licensing Model Act is designed to help standardize how insurance agents are licensed across the United States, so that an agent licensed in one state can do business in other states without going through the licensing process again for each state.

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