Maine and Mississippi License State Based Systems
Maine and Mississippi are the latest states to license the National Association of Insurance Commissioners’ (NAIC) State Based Systems (SBS), an electronic system designed to revolutionize the efficiency and effectiveness of insurance regulatory processes.
With its broad array of services, SBS stands as a comprehensive solution that adapts to the diverse needs of insurance regulators.
SBS empowers state insurance departments to seamlessly process license applications, renewals, inquiries, complaints, enforcement actions, and more, delivering results with minimal effort while ensuring compliance with national uniformity initiatives. The integration between SBS and the National Insurance Producer Registry is a cornerstone for streamlining mission-critical regulatory tasks.
In addition to Maine and Mississippi, SBS is currently the system of choice in Alabama, Alaska, Arizona, Arkansas, Connecticut, Delaware, the District of Columbia, Florida, Guam, Hawaii, Illinois, Idaho, Iowa, Kansas, Massachusetts, Maryland, Missouri, Montana, Nebraska, New Hampshire, New Jersey, New Mexico, North Carolina, North Dakota, Oklahoma, Oregon, Puerto Rico, Rhode Island, South Carolina, South Dakota, Tennessee, U.S. Virgin Islands, Vermont, West Virginia, and Wisconsin.
About the National Association of Insurance Commissioners
As part of our state-based system of insurance regulation in the United States, the National Association of Insurance Commissioners (NAIC) provides expertise, data, and analysis for insurance commissioners to effectively regulate the industry and protect consumers. The U.S. standard-setting organization is governed by the chief insurance regulators from the 50 states, the District of Columbia and five U.S. territories. Through the NAIC, state insurance regulators establish standards and best practices, conduct peer reviews, and coordinate regulatory oversight. NAIC staff supports these efforts and represents the collective views of state regulators domestically and internationally.