The National Association of Insurance Commissioners (NAIC) The Center for Insurance Policy and Research (CIPR)
NAIC HOME  |  CIPR HOME  |  ABOUT THE NAIC  |  CONTACTS  |  HELP
Publications & Data The NAIC Store: Financial Data & Publications
NAIC Meetings, Events and Conference Calls
NAIC Education & Training: Courses & Schedules
States & Jurisdiction Map Committees & Activities Capital Markets & Investment Analysis Members & Regulators
vvv v v v v v
NAIC Headlines News & Alerts
Insurance Consumer  Resources
Insurance Industry Licensing & Filing
v
Conference Call Calendar
See NAIC's Revised Policy Statement on Open Meetings
Protecting the Future
Government Relations Issues & Policy
Center for Insurance Policy & Research (CIPR)
CIPR Newsletter | Subscribe

International Activities:

IAIS (Website)
Supervisory Colleges Request
Fellows Program

NAIC Affiliates & Programs

v
NEWSROOM  |   VIDEOIcon: video  |  AUDIO Icon: audio
NAIC on Facebook  NAIC on Twitter  NAIC is Linked In  Receive NAIC News through RSS feed
v
Consumer Information Source (CIS): Insurance company complaint & financial data
RFP NAIC 1710- NAIC Request for Proposal for Actuarial Consultant
SPECIAL SECTION: Health Care Reform (PPACA) Implementation:
NAIC Activities | FAQ
Consumers, Get Smart About Insurance at InsureUonline.org
Securities Valuation, Structured Securities & Capital Markets
Insurance Issues for
Military Servicemembers
:
Consumer insurance information for military servicemembers and their families
 
NAIC Leadership Meets with Deputy Secretary Raskin
Statement from Adam Hamm, NAIC President and North Dakota Insurance Commissioner
Adam Hamm, 
NAIC President and North Dakota Insurance Commissioner
Adam Hamm
NAIC President and North Dakota Insurance Commissioner
The work of the U.S. Treasury has the potential to impact effective insurance regulation, and we appreciate Deputy Secretary Raskin taking the time today to meet with us. Issues like cyber risk, the development of global capital standard for non-bank entities and global financial stability all require a detailed understanding of our effective insurance regulatory framework. Inclusion of the state-regulatory perspective is critical, and close coordination with Ms. Raskin to build a constructive federal partnership with the states on insurance matters strengthens the U.S. position in the financial sector globally. We look forward to continuing the conversation.
_
NAIC-CMS Coordination Continues
Statement from Monica Lindeen, NAIC President-Elect and Montana Insurance Commissioner
Monica Lindeen, NAIC President-Elect and Montana Insurance CommissionerMonica Lindeen, NAIC President-Elect and Montana Insurance Commissioner
Today’s meeting with Administrator Tavenner was an opportunity to advance our dialogue with the administration on a number of critical issues including network adequacy, essential health benefits for 2016 and effective oversight of the activities of Navigators and assisters.  State regulators are committed to coordination with Centers for Medicare and Medicaid Services (CMS) and Center for Consumer Information and Insurance Oversight (CCIIO) to ensure that health reform implementation grants states necessary flexibility to protect consumers and safeguard stable and competitive insurance markets.
_
NAIC Committee Adopts Corporate Governance Models
Models will allow for the collection of detailed information on the corporate governance practices of insurers on an annual basis
Susan Donegan, Commissioner of the Vermont Department of Financial Regulation Susan Donegan
Commissioner of the Vermont Department of Financial Regulation
Joseph Torti, III, Rhode Island Deputy Director and Superintendent of Insurance and BankingJoseph Torti, III
Rhode Island Deputy Director and Superintendent of Insurance and Banking
The NAIC’s Financial Condition Committee adopted a Corporate Governance Annual Disclosure Model Act and supporting Model Regulation, which provides a means for insurance regulators to receive additional information on the corporate governance practices of U.S. insurers on an annual basis.

Under the requirements of the Model Act, U.S. insurers will be required to provide a detailed narrative describing governance practices to their lead state or domestic regulator by June 1st of each year. The narrative will be protected by strict confidentiality measures, which were included within the models to encourage insurers to be open and transparent in describing their governance practices to regulators. Insurers will be allowed some discretion in determining the level within the organization to report their corporate governance practices at, depending upon their structure and organization. The new disclosure requirements are expected to commence in 2016.

Read the Full Release | Corporate Governance Working Group
_
Parents Spend Billions Annually on Child Injuries; Understanding Risks and Insurance Implications Key to Childproofing Your Finances
Get Ready resources from the NAIC help new parents get smart about insurance

As a new school year approaches, parents start to tally up the expenses for school supplies, new clothes, physicals, extracurricular activities and more. But the list doesn’t end there. The National Association of Insurance Commissioners (NAIC) urges consumers to consider safety when it comes to child-related expenses.

“From the time a child is born through its teenage years, child-related injuries can occur at a moment’s notice,” said Adam Hamm, NAIC President and North Dakota Insurance Commissioner. “We urge parents to educate themselves about the safety risks and insurance implications of raising a child to reduce injuries, save money and potentially even save a life.”

Read the Full Release

_
NAIC Adopts XXX/AXXX Reinsurance Framework
The Executive Committee of the NAIC adopted the XXX/AXXX Reinsurance Framework, which furthers an action plan to develop proposed changes to the insurer/captive regulations specific to XXX/AXXX transactions.

“The XXX/AXXX Reinsurance Framework is an important regulatory initiative, and this adoption will allow us to move expeditiously to develop a comprehensive framework proposal,” said Adam Hamm, NAIC President and North Dakota Insurance Commissioner.

Read the Full Release

_
v
© 1991 - 2014 National Association of Insurance Commissioners. All rights reserved.
SM Insure U and Stop. Call. Confirm are registered service marks of the National Association of Insurance Commissioners.