Regulators to Reduce Committee Meetings; End Meetings on Mondays

January 5, 2007

The National Association of Insurance Commissioners (NAIC) today announced several changes to the format of its quarterly National Meetings.

The new format, which features a more compact meeting schedule, will be introduced during the NAIC’s Spring National Meeting, March 9-12 in New York City. All changes are anticipated to become permanent for all future National Meetings.

“We are streamlining our National Meetings process to better serve our members,” said Walter Bell, NAIC President and Alabama Insurance Commissioner. “The NAIC’s quarterly meetings are vital to the Association and its committees. By consolidating the number of committee meetings, state regulators will be able to focus their time and efforts more efficiently.”

Those attending the upcoming NAIC Spring National Meeting are encouraged to schedule their hotel and airline arrangements accordingly. The official National Meeting changes are as follows:

The number of committee meetings held at each National Meeting will be reduced. The National Meeting officially will conclude at 5 p.m. Monday, March 12. The majority of meetings now will run from 8 a.m. Saturday to 5 p.m. Monday. Any meetings that traditionally occurred on Tuesday will now be held on Monday. A limited number of hotel rooms will be held for those who would like to stay Monday night.
The Life and Health Actuarial Task Force will now meet Friday and Saturday. The Interstate Insurance Product Regulation Commission, National Insurance Producer Registry (NIPR) Board and Financial Regulation Standards and Accreditation (F) Committee also will meet Friday.

Registration hours will remain the same Friday through Sunday. Registration will close at 5 p.m. Monday. Affiliate Events are welcome to be held Monday evening and Tuesday morning. A limited amount of function space will be reserved for these events.The tentative National Meeting agenda will be available at approximately 30 days prior to the meeting.

Source: National Association of Insurance Commissioners (NAIC)

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