FOR IMMEDIATE RELEASE

NAIC BRIEFS STATE LEGISLATORS
ON INSURANCE ISSUES
Lawmakers from 23 Jurisdictions Meet with State Regulators on Health, Financial Initiatives

SEATTLE (Aug. 13, 2010) — The National Association of Insurance Commissioners (NAIC) welcomes more than 30 state legislators representing 23 states and territories to the Summer National Meeting in Seattle. The national meeting is an opportunity for legislators to work with state regulators and insurance experts as well highlight legislative priorities.

"With input from legislators, we have a more complete picture of the state legislative landscape our regulators are operating in,” said NAIC President and West Virginia Insurance Commissioner Jane L. Cline. “While regulators have always enjoyed a close working relationship with state legislators, this forum provides a more in-depth look at regional and national trends. This kind of collaboration is the foundation of our effective system of state-based insurance regulation.”

Two separate sessions have been planned specifically for state legislators, including a formal orientation and a dialogue with their regulator colleagues. The orientation is designed to give attending legislators an overview of the NAIC, as well as discuss policies and procedures. Items on the agenda for the NAIC/State Government Liaison Committee meeting include federal financial reform, solvency modernization, health care reform implementation and a discussion of state legislative agendas.
 

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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