FOR IMMEDIATE RELEASE
INTERNATIONAL INSURANCE FELLOWS
CONVENE IN KANSAS CITY
WASHINGTON, D.C. (Oct. 14, 2011) — This week 14
insurance regulators from around the world kicked off a six week regulatory
exchange as part of the National Association of Insurance Commissioners
(NAIC) Fall 2011 International Fellows Program. Participants include
regulators from Albania, Australia, China, India, Saudi Arabia and
The Fall Program began on Monday with an overview of the U.S. regulatory
system including how the NAIC helps coordinate the state-based system. Next
week, the fellows travel to host state insurance departments where they
will receive on-the-job training in specialized areas. Host jurisdictions
for the Fall 2011 Program include Alabama, California, Connecticut, Iowa,
Louisiana, Missouri, Nebraska, Ohio, Oklahoma, Pennsylvania and Washington,
D.C. The program will conclude at the NAIC's Capital Markets &
Investment Analysis Office in New York City. While in New York, the
fellows will be briefed on investment analysis and participate in an
named the International Internship Program, the NAIC developed the program
in 2004 to advance working relationships with foreign market regulators,
emphasizing the exchange of regulatory techniques and technology. With the
completion of the 2011 Fall Program, a total of 157 fellows from 24
countries will have participated in the training. To date, 33 U.S.
jurisdictions have hosted international regulators.
About the NAIC
The National Association of Insurance Commissioners (NAIC) is the U.S.
standard-setting and regulatory support organization created and governed
by the chief insurance regulators from the 50 states, the District of
Columbia and five U.S. territories. Through the NAIC, state insurance
regulators establish standards and best practices, conduct peer review, and
coordinate their regulatory oversight. NAIC staff supports these efforts
and represents the collective views of state regulators domestically and
internationally. NAIC members, together with the central resources of the
NAIC, form the national system of state-based insurance regulation in the
U.S. For more information, visit www.naic.org.
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