FOR IMMEDIATE RELEASE

SBS AND OPTins ADDS TWO MORE STATES
Nebraska and West Virginia Adopt NAIC Tool to Improve, Streamline Processes

NATIONAL HARBOR, MD (Sept. 22, 2009) — The National Association of Insurance Commissioners (NAIC) announced today the addition of the West Virginia Insurance Department and the Nebraska Department of Insurance to the family of State Based Systems (SBS). In addition, Nebraska will be leveraging OPTins, the newest tool produced by the NAIC to automate regulatory compliance.

SBS provides a comprehensive, Web-based application for use by state regulators in support of all insurance regulatory functions. OPTins is the Online Premium Tax for Insurance application that facilitates the collection of premium tax forms and payments.

"We look forward to leveraging all facets of these NAIC tools and strongly believe that a single, fully integrated regulatory system is critical to our staff needs," said Ann Frohman, Nebraska Insurance Director. "SBS will allow us to perform our work in the full insurance regulatory life cycle using a single user-friendly interface. In addition, SBS has a wide variety of external tools that will allow us to respond effectively to our customers while holding down our costs."

"In protecting West Virginia consumers, we know we must have effective tools to use in producer licensing, company licensing, enforcement and consumer services," said Jane Cline, West Virginia Insurance Commissioner and NAIC President-Elect. "The broad array of services offered by OPTins and the number of NAIC members using SBS supported our selection of these systems as the solution of choice for our internal processing needs. These tools will be instrumental as we continue to improve and streamline our processes, maintain pace with NAIC uniformity initiatives and further expand our ability to effectively respond to our consumers."

In addition to Nebraska and West Virginia, SBS is the solution of choice in Alabama, Delaware, Florida, Illinois, Iowa, Kansas, Missouri, New Hampshire, New Jersey, North Carolina, North Dakota, Puerto Rico, Rhode Island, Tennessee and Washington, D.C. OPTins is currently in use in Alaska, Alabama, Arizona, Delaware, Montana, North Dakota and Rhode Island.

"We are pleased to add Nebraska and West Virginia to the team of SBS and OPTins states," said Roger Sevigny, NAIC President and New Hampshire Insurance Commissioner. "The products support state-based insurance regulation by encouraging uniformity through the use of a single system. As the use and impact of SBS and OPTins continue to grow, I believe uniformity across the NAIC membership will become much more common simply based on the communication channels that are opened when a state leverages these NAIC offerings. Communicating and networking with users from other states with similar goals becomes a regular occurrence as the members work together."

For more information about SBS, visit www.statebasedsystems.com.

For more information about OPTins, visit https://eapps.naic.org/optins-static

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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