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Building on the success of the China Intern-Pilot Program in 2004, NAIC developed a formal International Internship Program in 2005 to advance working relations with foreign markets, emphasizing the exchange of regulatory techniques and technology. The program was formally renamed the International Fellows program in 2010. The Fellows participate in a week-long orientation program in Kansas City, Missouri, focusing on the broad principles of insurance regulation in the United States. Each Fellow then travels to a different state for five weeks, working in technical areas of their specialization under the supervision of a state insurance department staff member, who serves as a mentor and host. On October 10, 2011, the NAIC welcomed 14 fellows to the International Fellows Program from Albania (1); Australia (1); China (1); India (6); Saudi Arabia (2); and Thailand (3). Host jurisdictions for the fall 2011 program included Alabama, California, Connecticut, the District of Columbia, Iowa, Louisiana, Missouri, Nebraska, Ohio, Oklahoma, and Pennsylvania. The NAIC developed the program in 2004 to advance working relationships with foreign market regulators, emphasizing the exchange of regulatory techniques and technology. The program concluded in New York, NY with a seminar hosted by the Capital Markets & Investment Analysis Office on investment analysis followed by a debriefing program, a seminar on industry-regulator relations by the US insurance industry and a ceremonial graduation dinner to highlight the fellows’ accomplishments. The NAIC Fellows Program is conducted twice a year—spring and fall. With the completion of this 2011 fall program, a total of 157 fellows from 25 countries have participated in the training program. To date, 34 US jurisdictions have hosted these non-U.S. regulators, including: Alabama, Arkansas, California, Colorado, Connecticut, District of Columbia, Georgia, Hawaii, Illinois, Iowa, Kentucky, Louisiana, Maryland, Massachusetts, Michigan, Minnesota, Missouri, Montana, Nebraska, New Hampshire, New Jersey, New Mexico, New York, North Carolina, Ohio, Oklahoma, Pennsylvania, Puerto Rico, South Carolina, Texas, Vermont, Virginia, Washington, and West Virginia. We look forward to additional jurisdictions joining this growing list.
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