Five Departments of Insurance Achieve Accreditation for Meeting Financial Solvency Oversight Standards
During the National Association of Insurance Commissioners (NAIC) Summer National Meeting, The NAIC 金融监管标准和认可(F) Committee awarded accreditation to the departments of insurance for 阿肯色州, 哥伦比亚特区, 印第安纳州, 密歇根, 和新泽西. 经认可的保险部门进行综合管理, independent review every five years to ensure they meet financial solvency oversight standards.
The NAIC Accreditation Program was established to develop and maintain standards to promote effective insurance company financial solvency regulation. The purpose of the accreditation program is for state insurance departments to meet baseline standards of solvency regulation, particularly with respect to regulation of multi-state insurers. NAIC accreditation allows non-domestic states to rely on the accredited domestic regulator to fulfill a baseline level of effective financial regulatory oversight. This creates substantial efficiencies for 保险监管机构, who are then able to coordinate and rely on each other's work. It also creates far greater efficiencies for insurance companies licensed in accredited states, which are then not subject to financial examinations or other financial oversight by multiple jurisdictions. 所有的50个州，哥伦比亚特区和美国.S. 维尔京群岛目前已获得认证.
To become accredited, the state or territory must submit to a full on-site accreditation review. 在这篇评论, the team of independent consultants reviews the department's compliance with the standards to develop a recommendation regarding the state's accredited status.
- The Accreditation Program allows for inter-state cooperation, 减少监管冗余, 并提供基本的消费者保护.
- The standards used in the accreditation process are carefully considered and are developed in an open and transparent NAIC multi-layered committee process. 监管机构s receive input from numerous interested parties including state legislators, 消费者代表和行业代表.
- Significant negative consequences stem from the loss of accreditation, including potential loss of domiciled insurers and negative implications for the professional reputation of the state insurance department.
- The high quality and high degree of consistency attributable to the Accreditation Program is a key defense against federal encroachment in 基于状态的保险监管.
关于 the National Association of Insurance Commissioners
As part of our state-based system of insurance regulation in the United States, the National Association of Insurance Commissioners (NAIC) provides expertise, data, and analysis for insurance commissioners to effectively regulate the industry and protect consumers. 美国.S. standard-setting organization is governed by the chief 保险监管机构 from the 50 states, 哥伦比亚特区和美国5个州.S. 领土. 通过保险代理人, state 保险监管机构 establish standards and best practices, 进行同行评审, 协调监管监督. NAIC staff supports these efforts and represents the collective views of state regulators domestically and internationally.