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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.
   

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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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