FOR IMMEDIATE RELEASE

NAIC Elects New Secretary-Treasurer

WASHINGTON (May 12, 2017) —During a Plenary meeting of the National Association of Insurance Commissioners (NAIC) today, members elected South Carolina Insurance Director Raymond G. Farmer to fill the position of secretary-treasurer, effective immediately. Farmer replaces former Texas Insurance Commissioner David Mattax who passed away on April 13.

"Raymond has been a long-time advocate for insurance consumers and state insurance regulation while bringing extensive experience and expertise that will strengthen our team of officers," said NAIC President and Wisconsin Insurance Commissioner Ted Nickel.  "I want to thank all the members who expressed an interest in elevating their service to the NAIC. We are fortunate to have a high level of dedication and willingness of those in our ranks to support the mission of our association."

Director Farmer joins other 2017 NAIC officers: Nickel; President-Elect Julie Mix McPeak, Tennessee Insurance Commissioner; and Vice President Eric A. Cioppa, Maine Insurance Superintendent.

Raymond G. Farmer was appointed by South Carolina Governor Nikki Haley to serve as Director for the South Carolina Department of Insurance on November 13, 2012. With more than 40 years' experience, Farmer earned his bachelor's degree in insurance from the University of Southern Mississippi and earned his law degree from Atlanta's John Marshall Law School.

Farmer served as the Deputy Insurance Commissioner of the Enforcement Division for the Georgia Department of Insurance and more recently as vice president for the American Insurance Association. As a part of his service, Farmer has served for more than 30 years on the board of directors of the Georgia Arson Control Program, an organization aiding firefighters and prosecutors combating arson. He is a member of the State Bar of Georgia and a member of the Tort and Insurance Practice section, as well as the Workers' Compensation section.

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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