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FOR IMMEDIATE RELEASE

NAIC WELCOMES INTERNATIONAL INTERNS
Representatives from Six Nations Participate in International
Internship Program

KANSAS CITY, Mo. (April 12, 2010) — The National Association of Insurance Commissioners (NAIC) welcomed 15 interns from Botswana, Czech Republic, Egypt, India, Saudi Arabia and Thailand to its International Internship Program for Education and Regulatory Cooperation today at the NAIC Central Office.

Now in its seventh year, the NAIC‘s International Internship Program has sought to advance working relations with foreign markets, emphasizing the exchange of regulatory techniques and technology.

“This program is an important opportunity for the NAIC to share its regulatory experience with the international insurance community,” said Jane L. Cline, NAIC President and West Virginia Insurance Commissioner. “International cooperation and collaboration are key components of our commitment to promoting a competitive marketplace with strong consumer protection measures in a globalizing industry.”

The interns will participate in a five-day orientation program in Kansas City, focusing on the broad principles of insurance regulation in the United States. Each intern will then travel to a different state for six weeks, working in technical areas of their specialization under the supervision of a state insurance department staff member, who will serve as a mentor.

Host jurisdictions for the spring 2010 program include Georgia, Hawaii, Iowa, Maryland, Michigan, Minnesota, New Jersey, New York, Nebraska, New Hampshire, North Carolina, Puerto Rico, Washington, D.C. and West Virginia. Iowa, Minnesota and New Hampshire are first time hosts.

At the completion of the 2010 spring program, a total of 118 interns from 23 countries will have participated in the training program.

Click HERE for photo of spring 2010 International Interns.

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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