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FOR IMMEDIATE RELEASE

NAIC PROVIDES QUARTERLY LISTING OF ALIEN INSURERS ON WEBSITE
Surplus Lines Alien Insurer Eligibility Listing Now Available

WASHINGTON, D.C. (Nov. 7, 2011) — The National Association of Insurance Commissioners (NAIC) announced the Quarterly Listing of Alien Insurers is now available for reference and download from the NAIC website.

“Excess and surplus lines brokers and consumers will now be able to access this listing of eligible non-U.S. surplus lines insurers,” said NAIC Vice President and Louisiana Insurance Commissioner James J. Donelon. “The listing provides brokers with a level of assurance regarding the acceptability of policies quoted or written with these alien insurers.”

The listing, specifically mentioned in the Nonadmitted Insurance title of the Dodd-Frank Wall Street Reform and Consumer Protection Act, identifies nonadmitted insurers domiciled outside of the United States with which surplus lines brokers may be confident of insurer eligibility. By way of reference in the federal legislation, these insurers are provided recognition on a national basis. 

Click HERE to access the listing.

 

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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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