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FOR IMMEDIATE RELEASE

NAIC ESTABLISHES AMERICAN INDIAN
    LIAISON COMMITTEE

     

WASHINGTON, D.C. (April 11, 2013) — The Executive Committee of the National Association of Insurance Commissioners (NAIC) has approved the formation of an American Indian Liaison Committee. The committee will address insurance issues involving the cooperation and relationship between sovereign states and sovereign tribal nations. 
     
"The committee will provide a forum for discussion of insurance issues unique to the American Indian community," said Jim Donelon, NAIC President and Louisiana Insurance Commissioner. “This decision reflects our commitment to fostering an inclusive and equitable marketplace for the benefit of all insurance consumers.”

"The federal government has formally recognized more than 560 tribes residing in 34 states throughout the U.S.," said John D. Doak, who serves as Oklahoma Insurance Commissioner and introduced the proposal. "This fact underscores the need for dialogue in addressing state and tribal cooperation in the insurance industry."

Committee leadership, membership, and charges will be considered in the coming weeks.

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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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