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Movers & Shakers 11/1/2009 12:23:40 PM EST NAIC Welcomes International Interns Representatives from Six Countries Attend International Internship Program WASHINGTON, D.C. (Oct. 26, 2009) — The National Association of Insurance Commissioners (NAIC) welcomed 13 interns from Azerbaijan, China, Egypt, Saudi Arabia, Thailand and Zambia to its International Internship Program for Education and Regulatory Cooperation today at the NAIC Central Office.
Since 2004, the NAIC’s International Internship Program has sought to advance working relations with foreign markets, emphasizing the exchange of regulatory techniques and technology.
“This program is an excellent opportunity for the NAIC to share its regulatory experience with the insurance community on an international scale,” said Roger Sevigny, NAIC President and New Hampshire Insurance Commissioner. “With the globalization of the insurance industry, it is imperative that regulators from all points of the globe combine their knowledge and practices to provide a competitive insurance marketplace that offers solid financial solvency and strong consumer protection measures.”
The interns will participate in a five-day orientation program in Kansas City, focusing on the broad principles of insurance regulation in the United States. Each intern will then travel to a different state for six weeks, working in technical areas of their specialization under the supervision of a state insurance department staff member, who will serve as a mentor and host.
Participants will also attend the 2009 NAIC Winter National Meeting in San Francisco. The internship program will conclude in Washington, D.C., with a debriefing program, a seminar with industry representatives and a certificate ceremony to highlight the interns’ accomplishments. The NAIC internship program is conducted twice a year in the fall and spring.
States and territories hosting the interns are Oklahoma, New York, Pennsylvania, Michigan, West Virginia, Hawaii, Puerto Rico, Vermont, South Carolina and the District of Columbia.
About the NAIC
Formed in 1871, the National Association of Insurance Commissioners (NAIC) is a voluntary organization of the chief insurance regulatory officials of the 50 states, the District of Columbia and five U.S. territories. The NAIC has three offices: Executive Office, Washington, D.C.; Central Office, Kansas City, Mo.; and Securities Valuation Office, New York City. The NAIC serves the needs of consumers and the industry, with an overriding objective of supporting state insurance regulators as they protect consumers and maintain the financial stability of the insurance marketplace. For more information, visit http://www.naic.org/.
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