Actuary is Most Recent Professional to Join IIPRC Team

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 examinations.

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 Actuaries (CCA).

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.

About the Commission
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 Wyoming.

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 consumers.

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2008 Interstate Insurance Product Regulation Commission. All rights reserved.