FOR IMMEDIATE RELEASE
NAIC PROVIDES QUARTERLY LISTING OF ALIEN INSURERS
Surplus Lines Alien Insurer Eligibility Listing Now
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.
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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