FOR IMMEDIATE RELEASE

NAIC 2009 ANNUAL REPORT:
"IN FOCUS"

DENVER (March 27, 2010) — The National Association of Insurance Commissioners (NAIC) today released its 2009 Annual Report, "In Focus." Using a photography theme, the report reviews the NAIC's accomplishments during the past year, summarizing how state insurance regulators have maintained perspective and balance during a challenging economic period.

"With clarity and focus, state regulators continue to meet the ever-developing changes and challenges of the regulatory landscape," said Therese M. (Terri) Vaughan, Ph.D., NAIC Chief Executive Officer. "This past year exposed the inherent strength of our national system of state-based insurance regulation that includes strong consumer protections and solvency standards."

"Our financial statements reflect our continued commitment to fiscal responsibility and transparency," said Brady Kelley, NAIC Chief Financial and Business Strategy Officer. “We are pleased to report the NAIC exceeded budget expectations by $284,338 and performed within $13,349 (.02%) of the projections published in mid-2009.”

To better illustrate, the Annual Report provides an overview of regulatory activities in the following areas:

• Capital Emphasis: D.C. Becomes Point of Executive Perspective
• International Update: Panoramic Progress
• Financial Regulation: Clearing the Way Ahead
• Solvency Modernization: Creating a Deeper Regulatory View
• Consumer Education: Snapshots of Consumer Knowledge
• Market Regulation: New Optics for Market Conduct
• Health Care Reform: Maintaining a Principled Perspective
• Climate Change: A Wide Angle View of Risk
• SERFF: Zooming in on Speed to Market
• SBS: The Lens of Choice

The report also includes a copy of the NAIC's audited financial statements, a complete membership list, an organizational chart and a list of accreditations and special awards given during 2009.

Click HERE to download the complete 2009 Annual Report.

Click HERE for a supplemental management discussion and analysis of 2009 financial results.

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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