The Kansas Insurance Department was awarded accreditation this week at the National Association of Insurance Commissioners (NAIC) winter national meeting in Chicago.
Hawaii, North Carolina and Ohio also received accreditation at this year’s meeting. Currently, 47 states, as well as the District of Columbia, are accredited.
The accreditation standard requires that insurance departments have adequate statutory and administrative authority to regulate an insurer’s corporate and financial affairs, that they have the necessary resources to carryout that authority, and that the departments have in place organizational and personnel practices designed for effective regulation.
Topics Kansas
Was this article valuable?
Here are more articles you may enjoy.
Viewpoint: ‘Big Tobacco’ Moment for Cannabis – What to Know About Murray v. Cresco 
Safepoint Exec Pay, Slide’s Stock Sell-Offs Getting Attention in Florida 
US Efforts to End Iran War Stumble as Ship Seized Near UAE 
Ex-NFL Player Sentenced to 16 Years in Prison for $200M Medicare Fraud Scheme 
