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House Financial Services Subcommittee on Housing and Insurance Hearing; "The Impact of International Regulatory Standards on the Competitiveness of U.S. Insurers."; Testimony by Ben Nelson, Chief Executive Officer, National Association of Insurance Commissioners

June 13, 2013 | Congressional Documents and Publications


Introduction Chairman Ncugcbaucr, Ranking Member Capuano, and members of the Subcommittee, thank you for the opportunity to testify today on behalf of the National Association of Insurance Commissioners (NAIC). My name is Ben Nelson, and I serve as the Chief Executive Officer of the NAIC. The NAIC is the United States standard-setting and regulatory support organization created and governed by the chief insurance regulators from the 50 states, the District of Columbia, and five U.S. territories. Through the NAIC, we establish standards and best practices, conduct peer review, and coordinate our regulatory oversight. NAIC members, together with the central resources of the NAIC, form the national system of state-based insurance regulation in the U.S.

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