NAIC 2012 Officers (left to right): President and Florida Insurance Commissioner Kevin M. McCarty; President-Elect and Louisiana Insurance Commissioner James J. Donelon; Vice President and North Dakota Insurance Commissioner Adam Hamm; Secretary-Treasurer and Montana Commissioner of Securities and Insurance, Monica J. Lindeen
BISMARCK, N.D.- Members of the National Association of Insurance Commissioners (NAIC) elected its 2012 officers during a national meeting held last week. Members elected North Dakota Insurance Commissioner Adam Hamm to the position of vice president. He will assume vice president duties Jan. 1, 2012. Hamm currently serves as NAIC secretary-treasurer.
"I am very humbled to be elected by my fellow commissioners to serve as Vice President of the NAIC," Hamm said. "2012 with be a very challenging year on many issues and I look forward to working with my fellow commissioners to move the NAIC forward."
Hamm also currently serves as Chair of the NAIC Life Insurance and Annuities (A) Committee and is a member of the Executive Committee and Audit Committee. Hamm's NAIC-related work ensures that North Dakota has a national voice in insurance regulation.
The three other 2012 NAIC officers elected last week are: President Kevin M. McCarty, Florida Insurance Commissioner; President-Elect James J. Donelon, Louisiana Insurance Commissioner; and Secretary-Treasurer Monica J. Lindeen, Montana Commissioner of Securities and Insurance. You can read more about the election at www.naic.org.
Formed in 1871, the NAIC is a voluntary organization of the chief insurance regulatory officials of the 50 states, the District of Columbia and five U.S. territories. The NAIC serves the needs of consumers and the industry, with an overriding objective of supporting state insurance regulators as they protect consumers and maintain the financial stability of the insurance marketplace.