The National Association of Insurance Commissioners (NAIC) has appointed Adam Hamm, the president of the NAIC and the insurance commissioner of North Dakota, to a two year term as the state insurance commissioner representative on the Financial Stability Oversight Council (FSOC). In this role, Commissioner Hamm will represent the interests of the nation’s state insurance regulators on the council.
Commissioner Hamm replaces Missouri Insurance Director John M. Huff, who is stepping down after serving two terms as the state insurance commissioner representative on the FSOC. Commissioner Hamm’s selection was ratified in an NAIC plenary meeting.
“It has been a great honor to serve on behalf of my fellow state insurance regulators on FSOC,” said Director Huff. “As NAIC President, Adam has demonstrated leadership on a variety of issues that are important to the work of the council both here in the U.S. and internationally. I am confident he will be a conscientious and thoughtful advocate for state regulation – a system that has served policyholders and the insurance market exceptionally well.”