FOR IMMEDIATE RELEASE
NEBRASKA BRINGS SBS ONLINE
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 www.naic.org.
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