President Barack Obama has nominated SC Dept. of Insurance Director Raymond G. Farmer to serve as a member on the Board of Directors of the National Association of Registered Agents and Brokers (NARAB) for a period of one year. Dir. Farmer was one of the first four nominees named in a total of thirteen Board members. He still must be confirmed by the U.S. Senate.
NARAB became law on January 12, 2015 and will have specific jurisdiction to oversee insurance producer non-resident licensing and continuing education standards on a national level. The thirteen-member board will be comprised of eight insurance commissioners and five industry leaders with professional expertise in producer licensing.
The board is charged with establishing, organizing and developing standards and procedures for admission (licensing) of member/producers of newly-formed NARAB.
Raymond G. Farmer has held the position of director of the South Carolina Department of Insurance since 2012 and was the IIABSC Industry Person of the Year in 2014.
From 1979 to 2012, he was a vice president at the American Insurance Association, Southeast Region. From 1972 to 1979, he served as the deputy insurance commissioner of the Enforcement Division of the Georgia Department of Insurance. Prior to this, he was an insurance adjuster at Crawford and Company from 1969 to 1972. Farmer is currently a member of the State Bar of Georgia and the National Association of Insurance Commissioners.
Farmer received a B.S. from the University of Southern Mississippi and a J.D. from the John Marshall Law School.