NAIC News Release

FOR IMMEDIATE RELEASE

NAIC HONORS NEW YORK WITH
ESPRIT DE CORPS AWARD

GRAPEVINE, Texas (Dec. 5, 2008) - The National Association of Insurance Commissioners (NAIC) today bestowed its Esprit de Corps Award to the New York State Insurance Department. This is the third time the NAIC has given the award.

The award was presented during Opening Session by NAIC President and Kansas Insurance Commissioner Sandy Praeger.

"Under the leadership of Superintendent Eric Dinallo, New York was instrumental in working with Pennsylvania and other states in mobilizing the NAIC's pursuit of consumer protection during the AIG situation," Praeger said. "New York's active participation in the NAIC is truly a demonstration of sincere commitment and cooperation."

Members of the New York State Insurance Department serve on many NAIC committees, task forces and working groups - most notably as chair of the Life Insurance & Annuities Committee, Financial Condition Committee, Capital Adequacy Task Force and Receivership & Insolvency Task Force.

In addition, Dinallo has testified before Congress numerous times, serving as an outstanding ambassador for state-based insurance regulation and resource for our colleagues on the Hill.

The Esprit de Corps Award was established in 2006 to recognize outstanding service to the NAIC and the demonstration of a spirit of cooperation with its members. The name of the award was chosen because "Esprit de Corps" is defined as "a common spirit of comradeship, enthusiasm and devotion to a cause among the members of a group."

About the NAIC

Formed in 1871, the National Association of Insurance Commissioners (NAIC) is a voluntary organization of the chief insurance regulatory officials of the 50 states, the District of Columbia and five U.S. territories. The NAIC has three offices: Executive Office, Washington, D.C.; Central Office, Kansas City, Mo.; and Securities Valuation Office, New York City.

The NAIC serves the needs of consumers and the industry, with an overriding objective of supporting state insurance regulators as they protect consumers and maintain the financial stability of the insurance marketplace. For more information, visit www.naic.org.

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