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September 03, 2019 at 07:41 PM
The National Association of Insurance Commissioners (NAIC) is recruiting applicants for its 2020 Consumer Liaison Program.
(Related: Annuity Rules Should Apply to Investment-Type Life Products: Consumer Reps)
The NAIC is a Kansas City, Missouri-based group for state insurance regulators. It does not generally have direct authority to change state insurance laws or regulations, but, in some cases, states have made arrangements for NAIC changes to some rules, such as financial performance reporting rules, to apply automatically.
States often start with NAIC model laws, regulations and guidelines when developing their own proposals.
The consumer liaison program gives representatives from consumer organizations a chance to speak for consumer interests at in-person NAIC meetings, and at NAIC conference call meetings.
The NAIC started the consumer liaison program in 1992.
The NAIC helps pay the NAIC meeting travel expenses of “funded” consumer reps.
Unfunded reps must pay their own meeting travel expenses.
