Accession Number:

ADA394781

Title:

Insurance Regulation: The NAIC Accreditation Program Can be Improved

Descriptive Note:

Corporate Author:

GENERAL ACCOUNTING OFFICE WASHINGTON DC

Personal Author(s):

Report Date:

2001-08-01

Pagination or Media Count:

50.0

Abstract:

NAICs voluntary accreditation program has existed now for more than 10 years. During this time, the program has demonstrated its value by defining a common set of basic regulatory requirements for solvency regulation and successfully engineering their adoption by nearly all states. Currently, 47 state insurance departments and the District of Columbia are accredited through NAIC. In the years since its inception, NAIC has moved to improve and strengthen its accreditation program by adding model laws and regulations to the required standards in order to address the changing environment of the insurance industry and insurance regulation. In addition, it has revised the way accreditation reviews are performed and scored and has improved training for members of review teams.

Subject Categories:

  • Economics and Cost Analysis
  • Sociology and Law

Distribution Statement:

APPROVED FOR PUBLIC RELEASE