INSURANCE COMPACT ADDS EXPERTISE
Actuary is Most Recent Professional to Join IIPRC
WASHINGTON, D.C. (March
27, 2008) - The Interstate Insurance Product Regulation
Commission (IIPRC) announced today that Alice Fontaine of Fontaine
Consulting, LLC, has been engaged to work with the organization.
"Alice's regulatory experience and
well-known credentials are a great asset to our operation, as we
seek to build a speed-to-market product review operation with
high-level consumer protections on behalf of our member
jurisdictions," said IIPRC Executive Director Frances Arricale. "The
IIPRC is happy to welcome Alice to our team of professionals."
Fontaine will be responsible for
reviewing actuarial memoranda submitted with product filings and for
advising the IIPRC on pertinent actuarial issues and developments.
With her extensive background working for insurance regulatory
agencies across the country, Fontaine has practical experience with
product filings review, financial reporting and market conduct
Prior to becoming a consultant with a
specialization in regulatory compliance, Fontaine worked for a life
and health insurer in the individual and group life, annuity and
health areas, focusing on financial reporting, asset/liability
management, pricing and rates.
Fontaine earned a bachelor's degree in
commerce from the University of Manitoba, Canada. She also has a
Fellow of the Society of Actuaries (FSA) designation and is a member
in good standing with the American Academy of Actuaries (AAA),
Canadian Institute of Actuaries (CIA) and Conference of Consulting
The IIPRC manages the day-to-day
operations of the Interstate Insurance Compact. With 31 member
jurisdictions and growing, the Compact is a successful state-based
initiative that modernizes insurance regulation to meet the demands
of the global financial services marketplace. By providing national
uniform standards and a streamlined review process for asset-based
insurance products, insurers may make one filing under one set of
rules for one approval within a 60-day turnaround time that is valid
in all 31 Compact jurisdictions.
Currently, 31 jurisdictions have joined the
Interstate Insurance Product Regulation Commission (IIPRC).
Compacting members are Alaska, Colorado, Georgia, Hawaii, Idaho,
Indiana, Iowa, Kansas, Kentucky, Maine, Maryland, Massachusetts,
Michigan, Minnesota, Nebraska, New Hampshire, North Carolina, Ohio,
Oklahoma, Pennsylvania, Puerto Rico, Rhode Island, Tennessee, Texas,
Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin and
The IIPRC enables state insurance
regulators to develop uniform national standards for asset
protection insurance products, such as life insurance, annuities,
disability income and long-term care insurance. The IIPRC
establishes a central filing point for these insurance products,
enhancing the speed and efficiency of regulatory decisions and
allowing companies to compete more effectively in the modern
financial marketplace, while continuing to provide protection for
For more information, visit www.insurancecompact.org.