FOR IMMEDIATE RELEASE
NAIC RELEASES 2013 ANNUAL REPORT -
STATE-BASED INSURANCE REGULATION:
THE SYSTEM AT WORK
ORLANDO, Fla. (March 29, 2014) - The National Association of Insurance
Commissioners (NAIC) today released its 2013 Annual Report,
"State-Based Insurance Regulation: The System at Work." The
report uses the concept of gears to illustrate how regulators work together
to power the complex system of state-based regulation.
"This past year, state insurance regulators faced myriad challenges
on local, national, and international fronts," said NAIC Chief
Executive Officer Sen. Ben Nelson. "However, NAIC members worked
collaboratively to tackle health care reform implementation, contribute to
international standard-setting, and help consumers recover from natural
disasters, to name a few. With this in mind, the theme of this year's
annual report highlights the strength of our regulatory system and how it
is at its best when we all work together."
The online NAIC Annual Report provides a review of regulatory activities
in the following areas: government relations, international insurance
supervision, financial regulation, market regulation, and consumer
education. It also features video messages from Nelson, 2013 President Jim
Donelon and 2014 President Adam Hamm, a photo gallery, and a copy of the
NAIC's audited financial statements.
Click HERE to view the 2013 Annual Report.
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.