Poolman Elected to National Insurance Commissioners Office
Posted on 12/12/2003
FOR IMMEDIATE RELEASE
Contact: Cecily Cook
December 12, 2003
Bismarck, ND - Insurance Commissioner Jim Poolman has been elected by his peers to serve as Vice President of the National Association of Insurance Commissioners (NAIC) for 2004. The vote, by members of the NAIC, was held December 7, 2003, at the NAIC's Winter National Meeting.
Poolman said this election represents an opportunity for North Dakota to play an integral role in shaping insurance industry regulation on a national level. "My first and foremost obligation and commitment is to North Dakota consumers. As the business of insurance has become increasingly national in nature, North Dakota is best served by participating at the national level," Poolman said. "As a member of the leadership of the NAIC, I will work to ensure North Dakota insurance consumers and insurance consumers nationwide, are protected by effective insurance regulations while fostering a healthy and competitive marketplace."
"I am humbled by the confidence my fellow Insurance Commissioners from across the country have in me, as demonstrated by their electing me to this position," added Poolman. "In North Dakota and at the NAIC, we have been focused on consumer protection and strengthening the system of state regulatory authority. That will continue to be our mandate going forward."
Commissioner Poolman has been active in the National Association of Insurance Commissioners since taking office in 2001. He gave up his post as Midwest Zone Chairman of the NAIC to take on this new national role.
About the NAIC Headquartered in Kansas City, Missouri, the National Association of Insurance Commissioners (NAIC) is a voluntary organization of the chief insurance regulatory officials of the 50 states, the District of Columbia and four U.S. territories. The association's overriding objective is to assist state insurance regulators in protecting consumers and helping maintain the financial stability of the insurance industry by offering financial, actuarial, legal, computer, research, market conduct and economic expertise. Formed in 1871, it is the oldest association of state officials. For more information, visit NAIC on the Web at: www.naic.org/pressroom.