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Uniform Regulation Through Technology

Uniform Regulation through Technology (URTT) was introduced by  NAIC members at the December 2000 National Meeting, as a resolution reconfirming their commitment to technology initiatives.

The resolution changes the name of the program from State Regulation 2000 (SR2000) to Uniform Regulation Through Technology (URTT). This program is a collection of technology projects that represent a significant strategic investment in the use of automation for regulatory purposes. 

These technology initiatives dramatically enhance communication and the interaction between the nation’s insurers and its insurance regulators in  the areas of:

  • Agent and broker licensing and continuing education;
  • Licensing process for foreign insurers.
  • Filing and approval process for rates and policy forms;
  • Reporting of financial data used by insurance regulators.

Map of 100% compliant states

The goals of Uniform Regulation Through Technology are to:

  • Provide states with new regulatory tools to enhance their ability to regulate a $900 billion insurance industry;
  • Reduce multi-state licensing and approval barriers;
  • Increase the uniformity and consistency of processing and regulation across state boundaries; and
  • Leverage state and NAIC technology to achieve economies of scale through automation initiatives.

Several voluntary NAIC initiatives comprise the foundation for URTT. These initiatives leverage the technology and resources of the NAIC and  the states to bring greater efficiencies and economies that position state insurance regulators to be able to effectively and efficiently regulate an industry that is becoming more multi-state or even multi-national in scope. These technology initiatives allow a regulatory scheme that has flourished for more than a century to grow and adjust to changing times. Thus, one of the advantages of state regulation — the ability of states to react to local conditions and concerns — is preserved. At the same time, unnecessary burdens to insurers that do not add value to consumers can be identified and eliminated.

States' URTT initiatives status [Excel]

Frequently Asked Questions [Word]

If you have questions about the URTT program, please contact:

Carol Willis 
NAIC
2301 McGee, Suite 800
Kansas City, MO 64108-2604
(816) 783-8043
cwillis@naic.org

 

sponsors, the Bill and Melinda Gates Foundation and the Newark Archdiocese. The school, which opened in August 2007, serves low-income and minority youth.

His legal career began as an associate in private practice in New York. He was admitted to the practice of law in 1974 in New York and New Jersey. He earned a J.D. at Columbia University in 1973. He earned his A.B. in Political Science at Princeton University in 1970 where he graduated magna cum laude.

He is married to Assemblywoman Mila Jasey. They have three grown children, Neil Jasey Jr., M.D., Rhena Jasey, Kyle Jasey and a grandson, Neil III.