[Congressional Record Volume 167, Number 213 (Thursday, December 9, 2021)]
[Extensions of Remarks]
[Page E1348]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]





               COMMEMORATING THE NAIC'S 150TH ANNIVERSARY

                                 ______
                                 

                          HON. JOHN GARAMENDI

                             of california

                    in the house of representatives

                       Thursday, December 9, 2021

  Mr. GARAMENDI. Madam Speaker, it is my honor to congratulate and 
commend the National Association of Insurance Commissioners (NAIC) on 
the celebration of its 150th Anniversary and for the many years of 
advocacy and responsible stewardship of the insurance industry. Since 
its founding in 1871, NAIC has worked to diligently regulate the 
national insurance industry and market and protect hundreds of millions 
of American consumers.
  As the first elected State Insurance Commissioner of California and 
former member of the NAIC. I know how invaluable state regulators' 
frontline role can be in holding insurance companies accountable. I am 
proud to continue to work closely with the NAIC here in Congress. 
including through the introduction of my bill the Primary Regulators of 
Insurance Vote Act. This important piece of legislation would support 
the work of the NAIC by ensuring that the expertise of our nation's 
primary insurance regulators, state commissioners, has equal weight in 
the monitoring of our financial stability at the national level.
  Were it not for the work of the NAIC and its members. Americans would 
all too often be left unprotected from predatory practices of insurance 
companies. On behalf of the people of California's 3rd Congressional 
District. please accept my sincere congratulations and gratitude for 
the work you have done and continue to do and my best wishes for the 
years ahead.

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