What is OPRA?
The Online Producer Appointment website (OPRA) is the Massachusetts Division of Insurance’s new online website for appointing insurance producers. By using OPRA, insurance companies can submit the following actions online to the Division: request producer appointments; terminate existing appointments; add new lines of authority to existing appointments; view a list of existing appointments and view various other lists, including a list of recently terminated appointments.
OPRA (Options Price Reporting Authority) is a national market system plan that governs the process by which options market data are collected from participant exchanges, consolidated, and disseminated. Consolidated data help ensure that broker-dealers, markets, and investors have the best prices available for an option, from all markets trading that option class. It assists customers in setting the terms of their orders and in monitoring how well their brokers execute their orders. Consolidated data also assist brokers and markets in providing the best execution possible for an order.
