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Vaughan: Economic Turmoil Underscores Strengths of State Regulation

In a speech at the ACLI Forum 500, NAIC Chief Executive Officer Therese M. (Terri) Vaughan, Ph.D., addressed how the current economic turmoil has underscored...
May 19, 2009

In a speech at the ACLI Forum 500, NAIC Chief Executive Officer Therese M. (Terri) Vaughan, Ph.D., addressed how the current economic turmoil has underscored the strengths of state-based insurance regulation. The inherent structure and extensive systems of peer review - including the Financial Analysis Working Group and NAIC accreditation program - fosters a "checks and balances" system that bolsters oversight between the states. Dr. Vaughan also addressed challenges facing the NAIC, including how to present a unified voice and presence in Washington D.C. on behalf of state insurance regulators. Vaughan elaborated on the NAIC's activities to shape regulation going forward in this brief audio clip.