FOR IMMEDIATE RELEASE

MARYLAND INSURANCE ADMINISTRATION
JOINS SBS

SAN FRANCISCO (Dec. 5, 2009) - The National Association of Insurance Commissioners (NAIC) announced today that the Maryland Insurance Administration has formally licensed State Based Systems (SBS), an NAIC owned and operated regulatory tool. With the addition of Maryland, SBS holds the distinction of being the solution of choice for more state insurance departments than any other similar insurance regulatory offering.

"Efficient technology solutions that minimize labor costs are extremely important in the success of our insurance department,"� said Ralph Tyler, Maryland Insurance Commissioner. "In leveraging SBS, we can eliminate the costly support of our existing licensing system and be guaranteed that SBS will comply with all NAIC member producer licensing-related initiatives. We expect to realize immediate benefits from the implementation of SBS."

SBS is a solid Web-based solution that supports all aspects of insurance regulation via a cohesive user-friendly interface that requires little user training. The goal of SBS is to provide the highest level of efficiency at the lowest possible cost to NAIC members.

"The addition of Maryland to the growing list of NAIC members who have chosen SBS attests to the value of this important state regulatory tool,"� said Roger Sevigny, NAIC President and New Hampshire Insurance Commissioner. "Helping insurance departments hold down costs while improving operational efficiencies is a major benefit to everyone that uses the system. SBS is, and will continue to be, a key NAIC initiative for years to come."

Maryland is the nineteenth state to join SBS, which includes Alabama, Delaware, Florida, Illinois, Iowa, Kansas, Missouri, New Hampshire, New Jersey, Nebraska, North Carolina, North Dakota, Oklahoma, Puerto Rico, Rhode Island, Tennessee, Washington, D.C. and West Virginia.

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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