|
INTERSTATE
COMPACT WEB SITE GOES LIVE
Commission Launches www.insurancecompact.org
KANSAS CITY, Mo.
(Aug. 16, 2006) – The Interstate Insurance Product Regulation
Commission (Commission) has enhanced its availability to consumers,
insurers, and regulators with the launch of its new Web site, www.insurancecompact.org.
“The
creation of a user-friendly, accessible Web site is a progressive step in
reaching the Commission’s goal to provide a more streamlined method of
developing national product standards and to increase the speed and
efficiency of state-based insurance regulation,” said R. Steven Orr, Maryland Commissioner of Insurance and Chair
of the Commission’s Interim Web Site and Communications Committee. “With
the development of this site, the Commission is taking full advantage of
the Internet’s endless outreach and convenience, and it will provide
insurance consumers, members of the industry, and regulators with a
one-stop source of information on insurance regulation.”
The
draft of the Commission's proposed bylaws, which it voted Aug. 2 to publish
for public notice and comment, also are posted on the site. The Web site
will feature links to the Commission’s adopted uniform standards, rules and
procedures. The home page highlights important Commission news, events and
announcements. A link to the Media and News page allows visitors to stay
apprised of any Commission updates, as all news releases are posted and
archived for reference. In addition, links to the Compact History, About
the Commission and Event Calendar pages are available to visitors of the
site.
“The
release of the Compact Web site is an exciting and important step in the
implementation of Commission operations,” said Diane Koken, Interim
Management Committee Chair and Pennsylvania Insurance Commissioner. “By
utilizing 21st century technology and communications tools, we’re operating as an integrated, global organization, with the ability to transfer information to our members in every corner of North America.”
A
Progress Map of the 28 compacting states, and the states in which
legislation is pending, details the multi-state growth of the Commission. A
comprehensive Frequently Asked Questions page was designed to help those
looking for a quick answer or explanation of the key aspects of the
Commission. For those looking to contact the Commission, a Contact Us page
was created with helpful phone numbers and email addresses.
To receive all
Compact news releases, media advisories and other updates, join the Compact
News Release distribution list by sending an email with your contact
information to news@insurancecompact.org.
About
the Commission
Currently,
28 states have joined the Interstate Insurance Product Regulation
Commission. The compacting states are Alaska, Colorado, Georgia, Hawaii,
Idaho, Indiana, Iowa, Kansas, Kentucky, Maine, Maryland, Massachusetts,
Minnesota, Nebraska, New Hampshire, North Carolina, Ohio, Oklahoma,
Pennsylvania, Puerto Rico, Rhode Island, Texas, Utah, Vermont, Virginia,
Washington, West Virginia and Wyoming.
The
Commission enables state regulators to develop uniform national standards
for asset protection insurance products, such as life insurance, annuities,
disability income and long-term care insurance. The Commission 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 consumers.
|
