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National Association of Insurance Commissioners chooses Redmer for two key policy committees

BALTIMORE – The National Association of Insurance Commissioners (NAIC) has named Maryland Insurance Commissioner Al Redmer, Jr. to its Health Insurance and Managed Care Committee and its Property and Casualty Insurance Committee for 2020.

“The NAIC gives insurance commissioners across the country crucial support,” Redmer said. “As we continuously face changes and challenges, I’m honored to be chosen for this important work.”

naic_color_large.jpgThrough the NAIC, state insurance regulators establish standards and best practices, conduct peer review, and coordinate their regulatory oversight. Actions considered by the NAIC are discussed and formulated through NAIC Committees, task forces and subgroups.

“Our 2020 NAIC committee leadership aligns talent and expertise and reflects a strong commitment to service; as we advance our goals and priorities which include State Ahead, our three-year strategic plan,” said Ray Farmer, NAIC President and Director of the South Carolina Department of Insurance. “I look forward to working with these committees and thank them for their willingness to serve the NAIC.”

In addition to the committee assignments, the Maryland Insurance Administration will also have a seat on the NAIC/Consumer Liaison Committee and seven NAIC task forces focusing on antifraud efforts, information systems, senior issues, surplus lines, title insurance, valuation of securities and innovation and technology.

About the Maryland Insurance Administration

The Maryland Insurance Administration is an independent State agency charged with regulating Maryland’s $28.5 billion insurance industry. For more information about the Insurance Administration, please visit www.insurance.maryland.gov or follow us on Facebook at www.facebook.com/MDInsuranceAdmin, Twitter at @MD_Insurance or Instagram at @marylandinsuranceadmin.

About the National Association of Insurance Commissioners

As part of our state-based system of insurance regulation in the United States, the 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.