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FOR IMMEDIATE RELEASE

NAIC DEVELOPS INTERNATIONAL SUPERVISORY COLLEGES REQUEST FORM
Web-Based Tool To Facilitate Coordination Of US Insurance Regulators‘ Participation In Supervisory Colleges

WASHINGTON, D.C. (March 18, 2011) — The National Association of Insurance Commissioners (NAIC) has launched a web-based International Supervisory Colleges Request Form. Available on the NAIC website, international regulators can request U.S. state regulator participation at supervisory colleges which they are convening. The request is sent directly to the Group's appropriate lead and/or domestic supervisor who will then contact the international regulator directly.

“U.S. insurance regulators recognize the important role supervisory colleges can play in providing a forum to foster improved international communication and coordination regarding the oversight of significant global insurance operations,” said Susan E. Voss, NAIC President and Iowa Insurance Commissioner. “We hope this web-based tool will aid international regulators to promptly notify the appropriate U.S. state insurance regulators regarding a particular supervisory college and secure the appropriate representation.”

A notification regarding the location and use of the International Supervisory Colleges Request Form will be sent to various international insurance supervisors.

Click HERE to access the web-based International Supervisory Colleges Request Form.

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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