NAIC Logo

CIPR Logo

News Release

 HOME | NEWSROOM

NAIC on Facebook

NAIC on Twitter

NAIC Linked In

NAIC News Feed (RSS)

FOR IMMEDIATE RELEASE

MONTANA BECOMES 25TH NAIC MEMBER TO CHOOSE STATE BASED SYSTEMS

NEW ORLEANS (March 5, 2012) — The National Association of Insurance Commissioners (NAIC) announced that the Montana Office of the Commissioner of Securities and Insurance has formally licensed State Based Systems (SBS), an NAIC owned and operated regulatory tool.

"We are eager to benefit from the breadth of services that SBS offers," said NAIC Secretary-Treasurer and Montana Insurance Commissioner Monica J. Lindeen. "Utilizing SBS provides assurance to our licensees, companies and consumers that the NAIC can support our specific regulatory needs. With this system we will be able to further our mission of adopting more NAIC initiatives and becoming more uniform in our regulatory practices, which benefits Montana residents and non-residents alike." 

"Adding Montana as the 25th member of the SBS family represents a significant milestone as we strive to streamline and simplify services that save time and money for both regulators and industry," said Kevin M. McCarty, NAIC President and Florida Insurance Commissioner. "As more NAIC members adopt SBS, the system expands and improves exponentially through the hard work and vision of those regulators who participate in its implementation."

In addition to Montana, SBS is currently the system of choice in Alabama, Alaska, Delaware, the District of Columbia, Florida, Illinois, Iowa, Kansas, Maryland, Missouri, Nebraska, New Hampshire, New Jersey, North Carolina, North Dakota, Oklahoma, Oregon, Puerto Rico, Rhode Island, Tennessee, U.S. Virgin Islands and West Virginia. Limited SBS services are also licensed by South Carolina and Virginia.

Click HERE for more information about SBS.

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.

You are currently subscribed to the “NAIC News Release” electronic service. For information regarding this service, please contact the NAIC Communications Division, 1100 Walnut Street, Suite 1500, Kansas City, MO 64106, 816-783-8909.

To unsubscribe from NAIC Electronic Services, send a blank e-mail to
NAIC Opt Out services.

Insure U Get Smart About Insurance

Contacts

Communications Division
(816) 783-8909 news@naic.org

Scott Holeman
Communications
Director

Jeremy Wilkinson
Sr. Electronic Communications
Manager

Miun Gleeson
Sr. Communications
Specialist

Vanessa Sink
Communications
Specialist

Erin Johnson
Communications Specialist

Visit the NEWSROOM to search news releases and for more media information

Join Our E-mail List
Receive the latest news releases and other information from the NAIC Communications Division!



NAIC Web Site | State Insurance Department Sites | Copyright & Reprint Info | Privacy Statement ]

©2011 National Association of Insurance Commissioners. All rights reserved.