National Association of Insurance Commissioners (NAIC) President and Kansas Insurance Commissioner Sandy Praeger — along with National Conference of Insurance Legislators (NCOIL) President, Rhode Island State Rep. Brian Patrick Kennedy, and National Conference of State Legislatures (NCSL) Communications, Financial Services and Interstate Commerce Standing Committee Chair, Maryland State Sen. Delores Kelley — today reaffirmed their commitment to working together to protect U.S. insurance consumers and support state-based insurance regulation.

Because of this type of cooperation, key consumer protections have been enacted nationwide, with legislators and regulators working together to get model laws and regulations adopted as quickly and widely as possible. This approach has led to the success of innovative solutions to the nation’s complex insurance problems, including the Interstate Insurance Compact Regulation Commission, the National Insurance Producer Registry, State Based Systems and the System for Electronic Rate and Form Filing. In 2008, the Committee will focus on increasing state participation in the Interstate Insurance Compact Regulation Commission and promoting regulatory uniformity in the producer-licensing area.

Feburary 26, 2008