Consumer protection, state-based regulation are top priorities for Lindeen
November 4, 2011
Washington, D.C. – The National Association of Insurance Commissioners (NAIC) today elected Montana Commissioner of Securities and Insurance Monica J. Lindeen to the organization's four-member leadership team, citing her ability to rise above partisan politics and do what's best for working families.
"The NAIC stands out as a productive, credible group with a proven record of bridging political divides," said Lindeen. "I'm honored by the support of my fellow commissioners, and I look forward to maintaining NAIC's strong reputation and promoting our shared values of consumer protection and efficient, state-based regulation."
Kansas' Republican Commissioner of Insurance, Sandy Preager, nominated Lindeen for the NAIC Secretary-Treasurer position.
"She is respected both in Montana and here among us for her ability to rise above the politics of a situation and focus on what's good for consumers and working families," said Preager in her nominating speech.
Lindeen was elected unanimously, replacing North Dakota Commissioner of Insurance Adam Hamm, who was elected Vice President of the organization. Traditionally, members elected to NAIC leadership progress through the four officer positions from year to year, serving first as Secretary-Treasurer and finally as President.
About the NAIC:
The National Association of Insurance Commissioners (NAIC) is the U.S. 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, state insurance regulators establish standards and best practices, conduct peer review, and coordinate their regulatory oversight. NAIC staff supports these efforts and represents the collective views of state regulators domestically and internationally. NAIC members, together with the central resources of the NAIC, form the national system of state-based insurance regulation in the U.S. For more information, visit www.naic.org.