The National Association of Insurance Commissioners has published its proposed 2026 budget, initiating the budget approval process. The proposal sets total revenues (including investment income) at USD 178.8 million and total expenses at USD 186.3 million, representing a 7.1% increase in revenues and a 6.3% increase in expenses versus the 2025 budget. Five fiscal impact statements underpin the proposal: continued development of the centralized data portal, migration of legacy application data, and the next phase of redesigned solvency tools to modernize quarterly financial analysis; continued SERFF modernization, with 10 jurisdictions beginning transition in the first quarter of 2026 and a further 10 to 15 implemented by end-2026; full-scale implementation of a modernized Financial Data Repository to improve accessibility and usability of financial data; funding for external consultants to support three SBS implementations in 2026; and additional regulatory support and operational headcount, partially offset by the displacement of five consultants. A budget briefing for interested parties is scheduled for Oct. 30, 2025, ahead of a written comment deadline of 12:00 p.m. CT on Nov. 14, 2025. A public hearing is scheduled for Nov. 24, 2025.
National Association Of Insurance Commissioners2025-10-24
National Association of Insurance Commissioners launches 2026 budget approval process with USD 178.8 million revenue and USD 186.3 million expense proposal
The National Association of Insurance Commissioners proposed its 2026 budget, projecting USD 178.8 million in revenues and USD 186.3 million in expenses, marking increases of 7.1% and 6.3% from 2025. Key initiatives include developing a centralized data portal, modernizing solvency tools, and implementing a modernized Financial Data Repository. The budget also funds external consultants and additional regulatory support, with some consultant roles being displaced.