What is the main goal of the State Based Systems (SBS)?

The primary objective of the State Based Systems (SBS) is to improve the efficiency of state insurance departments in processing licensing applications. By streamlining and automating aspects of the application process, SBS aims to reduce the time and administrative burden associated with handling these applications. This enhancement in efficiency can lead to quicker turnaround times for applicants, thereby supporting a more responsive and effective regulatory environment.

While other options suggest minimizing licensing applications, relying solely on paper-based systems, or separating state processes from national standards, these are not aligned with the overarching purpose of SBS. The emphasis is clearly on enhancing operational efficiency, which ultimately benefits both the state regulatory entities and the insurance professionals they oversee.