FOR IMMEDIATE RELEASE

NAIC INTERNSHIP PROGRAM WELCOMES GLOBAL REGULATORS
Program Continues Growth with Participants from Armenia

KANSAS CITY, Mo. (Oct. 30, 2008) - The National Association of Insurance Commissioners (NAIC) this week welcomed 13 interns from Albania, Armenia, China, Egypt, Korea and Saudi Arabia to the NAIC Executive Headquarters for its fall 2008 International Internship Program.

The seven-week program - which is conducted twice a year - includes a week in Kansas City for orientation and five weeks in a host state for more specialized training. Host states for the fall program include California, Hawaii, Kentucky, Maryland, Massachusetts, New York and North Carolina. The program concludes with the interns attending the NAIC Winter National Meeting in Grapevine, Texas, Dec. 5-7, followed by closing ceremonies in Washington, D.C., Dec. 10-12.

"With the developing challenges in the global financial market, now is a crucial time for the international insurance community to understand the U.S. system of insurance regulation," said NAIC President and Kansas Insurance Commissioner Sandy Praeger. "It's imperative that regulators from all over the globe continue to work together to develop practices that provide competitive insurance marketplaces with solid financial solvency and strong consumer protection measures."

The NAIC developed the International Internship Program in 2004 to advance working relations with foreign markets, emphasizing the exchange of regulatory techniques and technology. To date, Arkansas, California, District of Columbia, Georgia, Hawaii, Illinois, Kentucky, Massachusetts, Montana, New Mexico, New York, North Carolina, Ohio, Oklahoma, Pennsylvania and Texas have hosted international regulators as part of the NAIC's internship program.

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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