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Four States Accredited!

The NAIC Financial Regulation Standards and Accreditation (F) Committee voted to accredit the departments of Alabama, Hawaii, Mississippi and South Carolina. Accredited state insurance departments undergo comprehensive, independent review every five years to ensure they meet financial solvency oversight standards.

The NAIC accreditation program establishes and maintains sound solvency regulation standards. It provides for the effective regulation of multi-state insurance companies with emphasis on each state's:

• financial solvency laws and regulations;
• financial analysis and examination capabilities;
• organizational and personnel practices; and
• insurer organizational review, licensing and change of control of domestic insurers.

Alabama
Commissioner Jim L. Ridling (sixth from the left) with the Alabama Department of Insurance accreditation staff

Hawaii
Commissioner Gordon I. Ito (third from left in front row) with the Hawaii Department of Commerce and Consumer Affairs accreditation staff

Mississippi
Commissioner Mike Chaney (seated second from left) with the Mississippi Insurance Department accreditation staff

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South Carolina
Director Raymond G. Farmer (seated first from left) with the South Carolina Department of Insurance accreditation staff

 
   
         

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