FOR IMMEDIATE RELEASE

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INSURANCE COMMISSION FORMS CONSUMER ADVISORY COMMITTEE
Applications Now Being Accepted

Lansdowne, Va. (Nov. 16, 2006) The Interstate Insurance Product Regulation Commission (Commission) is accepting applications for its newly formed eight-member Consumer Advisory Committee. During the Commission’s Annual Meeting today at the Lansdowne Resort in Lansdowne, Va., the Commission’s Management Committee agreed to solicit applications from consumer advocates interested in serving in an advisory role to the Commission.

"Strong consumer protection is the backbone of this interstate commission," said Diane Koken, Management Committee Chair and Pennsylvania Insurance Commissioner. "As the Commission implements its operations and considers uniform national standards, it is important to engage other consumer organizations and those they represent."

To be considered for appointment to this Advisory Committee, please submit a letter and resume describing your qualifications and reasons for your interest. Information should be sent via email to info@insurancecompact.org by Dec. 15, 2006.

The Consumer Advisory Committee is expected to be announced by the end of the year. Designated travel expenses incurred by members of the Consumer Advisory Committee to Commission meetings and/or hearings will be paid.

For more information about the Commission, visit www.insurancecompact.org.


About the Commission
Currently, 28 members have joined the Interstate Insurance Product Regulation Commission. The compacting members 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.

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© 2006 Interstate Insurance Product Regulation Commission. All rights reserved.