reimburse, the Association for, the costs of establishing or 
operating the Association. 
‘‘SEC. 334. DEFINITIONS. 
‘‘For purposes of this subtitle, the following definitions 
shall apply: 
‘‘(1) BUSINESS ENTITY.—The term ‘business en-
tity’ means a corporation, association, partnership, 
limited liability company, limited liability partner-
ship, or other legal entity. 
‘‘(2) DEPOSITORY INSTITUTION.—The term ‘de-
pository institution’ has the meaning as in section 3 
of the Federal Deposit Insurance Act (12 U.S.C. 
1813). 
‘‘(3) HOME
STATE.—The term ‘home State’ 
means the State in which the insurance producer 
maintains its principal place of residence or business 
and is licensed to act as an insurance producer. 
‘‘(4) INSURANCE.—The term ‘insurance’ means 
any product, other than title insurance or bail bonds, 
defined or regulated as insurance by the appropriate 
State insurance regulatory authority. 
‘‘(5) INSURANCE PRODUCER.—The term ‘insur-
ance producer’ means any insurance agent or broker, 
excess or surplus lines broker or agent, insurance con-
sultant, limited insurance representative, and any 
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other individual or entity that sells, solicits, or nego-
tiates policies of insurance or offers advice, counsel, 
opinions or services related to insurance. 
‘‘(6) INSURER.—The term ‘insurer’ has the 
meaning as in section 313(e)(2)(B) of title 31, United 
States Code. 
‘‘(7) PRINCIPAL PLACE OF BUSINESS.—The term 
‘principal place of business’ means the State in which 
an insurance producer maintains the headquarters of 
the insurance producer and, in the case of a business 
entity, where high-level officers of the entity direct, 
control, and coordinate the business activities of the 
business entity. 
‘‘(8) PRINCIPAL
PLACE
OF
RESIDENCE.—The 
term ‘principal place of residence’ means the State in 
which an insurance producer resides for the greatest 
number of days during a calendar year. 
‘‘(9) STATE.—The term ‘State’ includes any 
State, the District of Columbia, any territory of the 
United States, and Puerto Rico, Guam, American 
Samoa, the Trust Territory of the Pacific Islands, the 
Virgin Islands, and the Northern Mariana Islands. 
‘‘(10) STATE LAW.— 
‘‘(A) IN GENERAL.—The term ‘State law’ 
includes all laws, decisions, rules, regulations, or 
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other State action having the effect of law, of 
any State. 
‘‘(B) LAWS APPLICABLE IN THE DISTRICT 
OF COLUMBIA.—A law of the United States ap-
plicable only to or within the District of Colum-
bia shall be treated as a State law rather than 
a law of the United States.’’. 
(b) TECHNICAL AMENDMENT.—The table of contents 
for the Gramm-Leach-Bliley Act is amended by striking the 
items relating to subtitle C of title III and inserting the 
following new items: 
‘‘Subtitle C—National Association of Registered Agents and Brokers 
‘‘Sec. 321. National Association of Registered Agents and Brokers. 
‘‘Sec. 322. Purpose. 
‘‘Sec. 323. Membership. 
‘‘Sec. 324. Board of directors. 
‘‘Sec. 325. Bylaws, standards, and disciplinary actions. 
‘‘Sec. 326. Powers. 
‘‘Sec. 327. Report by the Association. 
‘‘Sec. 328. Liability of the Association and the Board members, officers, and em-
ployees of the Association. 
‘‘Sec. 329. Presidential oversight. 
‘‘Sec. 330. Relationship to State law. 
‘‘Sec. 331. Coordination with financial industry regulatory authority. 
‘‘Sec. 332. Right of action. 
‘‘Sec. 333. Federal funding prohibited. 
‘‘Sec. 334. Definitions.’’. 
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Union Calendar No. 391 
113TH CONGRESS 
2D SESSION 
H. R. 4871 
[Report No. 113–523] 
A BILL 
To reauthorize the Terrorism Risk Insurance Act of 
2002, and for other purposes. 
JULY 16, 2014 
Reported with an amendment, committed to the Com-
mittee of the Whole House on the State of the Union, 
and ordered to be printed 
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