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Phase One of Regulatory Streamlining System Completed

WASHINGTON, D.C. (July 17, 2012) — The Nebraska Department of Insurance announced today it has completed the initial phase of implementing State Based Systems (SBS), making it the latest state to use the National Association of Insurance Commissioners' (NAIC) electronic application for its regulatory needs.

"As SBS implementation progresses, our department will become increasingly more efficient in responding to Nebraska consumers, insurance producers and insurance companies," said Nebraska Insurance Director Bruce R. Ramge. "This initial phase provides our insurance producers with key online benefits and resources from SBS such as real-time Continuing Education (CE) online tracking tools."

"In taking important steps toward SBS implementation, Nebraska joins a growing contingent of states who are benefitting from our innovative, electronic application," said NAIC President and Florida Insurance Commissioner Kevin M. McCarty. "The continued growth of SBS attests to the inherent value of services utilized by NAIC members, consumers, producers and companies."

In addition to Nebraska, SBS is currently the system of choice in Alabama, Alaska, Delaware, the District of Columbia, Florida, Illinois, Iowa, Kansas, Maryland, Missouri, Montana, 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.

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

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