Kan. Insurance Department Staff Appointed to Key Positions at NAIC

Three members of the Kansas Insurance Department, Ted Clark, Anti-Fraud director, Larry Bruning, chief actuary, and Neil Woerman, director of Information Technology, have been appointed to various leadership positions within the National Association of Insurance Commissioners (NAIC).

“Each of these gentlemen has the kind of knowledge, expertise and commitment needed to make a difference in the insurance industry,” said Kansas Insurance Commissionre Sandy Praeger. “It is a real honor for Kansas and the department to have Ted, Larry and Neil representing all of us in these very important roles at the national level.”

Ted Clark has been appointed to chair the NAIC Anti-Fraud Task Force. Among other duties, Clark will lead the Task Force in planning and organizing the Task Force’s efforts in identifying emerging insurance fraud issues, coordinating fraud investigative efforts and drafting model legislation to fight insurance fraud. Clark, also, serves as chair of the NAIC Anti-Fraud Task Force Education and Seminar Working Group and as a board member of the Kansas City Metro Insurance Fraud Task Force.

Larry Bruning holds several leadership positions within NAIC. He serves as vice-chair of the Life & Health Actuarial Task Force, is chair of the C-3 Phase II Results Subgroup of the Life Capital Adequacy Task Force and is also chair of the SVL II Subgroup of the Life & Health Actuarial Task Force. The C-3 Phase II Results Subgroup is charged with reviewing the company results with regard to the revised capital requirements for variable annuities and making recommendations on changes to the methodology. The SVI II Subgroup is charged with drafting language to insert in the Standard Valuation Law that would enable principle-based valuations.

Neil Woerman has been appointed to chair the NAIC Information Systems (IS) Task Force for a second year. This task force oversees NAIC technology resources, monitors the association’s technology projects, maintains its technology standards, and directs collection and analysis of data on technology use by the state insurance departments. He also is active in three working groups that report to the Task Force.

Praeger is the president-elect of the NAIC.

Source: Kansas Department of Insurance