FOR IMMEDIATE RELEASE

Arizona Implements State Based Systems

WASHINGTON (April 19, 2017) —The National Association of Insurance Commissioners (NAIC) announced today it is implementing State Based Systems (SBS) for Arizona. SBS is an electronic filing tool created for NAIC members to increase efficiency in regulatory functions.

"We are excited to be the 27th jurisdiction to fully implement SBS," said Leslie R. Hess, Arizona Interim Director. "SBS supports so many business areas allowing the majority of our staff to now accomplish their work using a single fully integrated platform."

SBS offers a variety of product services for producer licensing, company licensing, continuing education tracking, consumer services, enforcement, fraud reporting, exam tracking and revenue management.

"As the number of NAIC members using SBS continues to grow, the software becomes increasingly flexible and efficient," added Ted Nickel, NAIC President and Wisconsin Insurance Commissioner. "Fully supporting consumer protection initiatives by offering this state-of-the-art tool saves our members time and money – all key objectives as SBS continues to grow and improve."

In addition to Arizona, SBS is currently the system of choice in Alabama, Alaska, Arkansas, Delaware, the District of Columbia, Florida, Illinois, Iowa, Kansas, Maryland, Missouri, Montana, Nebraska, New Hampshire, New Jersey, New Mexico, North Carolina, North Dakota, Oklahoma, Oregon, Puerto Rico, Rhode Island, South Carolina, Tennessee, U.S. Virgin Islands, West Virginia and Wisconsin. Limited SBS services are also licensed by 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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