FOR IMMEDIATE RELEASE

N.C. COMMISSIONER JIM LONG
HONORED WITH LEADERSHIP AWARD

GRAPEVINE, Texas (Dec. 5, 2008) — The National Association of Insurance Commissioners (NAIC) today bestowed its first President’s Award for Distinguished NAIC Member Leadership to North Carolina Insurance Commissioner Jim Long.

Long — who is retiring after 24 years as insurance commissioner — was presented with the award by NAIC President and Kansas Insurance Commissioner Sandy Praeger. The award honors an NAIC member who has shown exemplary leadership; served a sustained length of service; and has significantly contributed to advancing the mission of the NAIC.

“This award recognizes Jim as an advocate for the merits of state-based insurance regulation and a champion of the NAIC,” Praeger said. “Since his start on the job in 1985, Jim has accomplished a great deal as an insurance commissioner and contributed enormously to the growth and success of our association.”

Long’s accomplishments include:

• 1985 – 2008: North Carolina Insurance Commissioner
• 1990: NAIC Vice President
• 1991: NAIC President
• 1992: NAIC Immediate Past President
• 1997; 1998; 2001; 2005; 2007; 2008: NAIC Most Immediate Past President
• 2002 – 2008: Chair, NAIC Information Resources Management Committee
• 2005 – 2008: Promoted Compact legislation; served as a member of Interstate Insurance Product Regulation Compact Commission

“We thank Jim for the time he has devoted to the NAIC,” Praeger added. “His leadership has helped guide the NAIC’s path as it has grown into the strong, dynamic association it is today.”

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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