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FOR IMMEDIATE RELEASE
INTERNATIONAL INSURANCE FELLOWS
CONVENE IN KANSAS CITY
WASHINGTON, D.C. (Oct. 15, 2012) — Today, the National
Association of Insurance Commissioners (NAIC) welcomed 14 regulators from
around the world for the Fall 2012 International Fellows
Program. Participants include regulators from China, Grand Cayman
Islands, India, Indonesia, Nigeria and Saudi Arabia.
The gathering kicks off with a week-long overview of the U.S. regulatory
system at the NAIC Central Office in Kansas City, Mo. Following
orientation, the fellows will travel to state insurance departments where
they will work with U.S. regulators in various areas of technical
specialization. Host jurisdictions for the spring 2012 program
include California, Georgia, Louisiana, Missouri, New Jersey, Oklahoma,
Pennsylvania, Texas and Washington, D.C. The program will conclude at the
NAIC's Capital Markets & Investment Analysis Office in New York
City. During their visit, the fellows will be briefed on investment
analysis and participate in an industry-regulator dialogue.
Formerly
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 2012 fall program, a total of 178 fellows from 27
countries will have participated in the training program and 36
jurisdictions will have served as hosts.
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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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