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Three States Receive Accreditation Status

The USVI receives its first accreditation

The NAIC accreditation program establishes and maintains sound solvency regulation standards. It provides for the effective regulation of multi-state insurance companies with emphasis on each state's:

  • Financial solvency laws and regulations;
  • Financial analysis and examination capabilities;
  • Organizational and personnel practices; and
  • Insurer organizational review, licensing and change of control of domestic insurers.

Connecticut, Massachusetts and New York were awarded continued accreditation. The U.S. Virgin Islands also received its first NAIC accreditation at the Fall National Meeting.

CT Commissioner Mais and members of the Accreditation Team
CT Commissioner Mais and members of the Accreditation Team

 

MA Insurance Commissioner Anderson and members from the Accreditation team
MA Insurance Commissioner Anderson and members from the Accreditation team

 

NYDFS Superintendent Lacewell and members from the Accreditation Team
NYDFS Superintendent Lacewell and members from the Accreditation Team

 

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