United States Government Publishing Office publisher pbl distributor dst United States Government Accountability Office author aut Government Organization text government publication eng GAOREPORTS Legislative Agency Publications gao legislative 2010-08-12 U.S. Government Printing Office 2002-06-18 monographic deposited born digital GA 1.13:GAO-02-842T https://www.govinfo.gov/app/details/GAOREPORTS-GAO-02-842T P0b002ee1803782ce f:d02842t DGPO 2010-08-12 2011-03-24 GAOREPORTS-GAO-02-842T machine generated eng fdlp REPORT GAOREPORTS-GAO-02-842T GAO-02-842T Insurance companies Insurance regulation Regulatory agencies Standards evaluation Reporting requirements NAIC Accreditation Program NAIC Speed to Market Initiative NAIC Producer Licensing Reciprocity and Uniformity Initiative Testimony A03686 The National Association of Insurance Commissioners (NAIC), through its Accreditation Program, has made considerable progress in achieving uniformity among state insurance regulators. In addition, competitive pressures from further consolidation in the financial services sector and enactment of the Gramm-Leach-Bliley Act has focused attention on regulator reforms in the insurance industry. NAIC's Producer Licensing Reciprocity and Uniformity initiative aims to streamline the licensing process for selling insurance in multiple states. State regulators are also trying to streamline regulatory processes to bring new insurance products to market more quickly. NAIC's Speed to Market initiative focuses both on developing a more centralized filing and approval process life and health insurance products and on improving existing state-based approval processes for other types of products. Finally, NAIC's National Treatment of Companies initiative aims to facilitate the licensing process for conducting business on a multistate basis. However, NAIC and the states face significant challenges in implementing their initiatives. https://www.govinfo.gov/content/pkg/GAOREPORTS-GAO-02-842T/html/GAOREPORTS-GAO-02-842T.htm GAO-02-842T https://www.govinfo.gov/app/details/GAOREPORTS-GAO-02-842T Testimony GAO-02-842T; State Insurance Regulation: Efforts to Streamline Key Licensing and Approval Processes Face Challenges; Insurance companies Insurance regulation Regulatory agencies Standards evaluation Reporting requirements NAIC Accreditation Program NAIC Speed to Market Initiative NAIC Producer Licensing Reciprocity and Uniformity Initiative