The National Association of Insurance Commissioners’ Financial Regulation Standards and Accreditation Committee voted at the NAIC 2026 Spring National Meeting to accredit the insurance regulatory departments in New Jersey and Tennessee, confirming they meet NAIC standards for financial solvency oversight. NAIC accreditation is intended to demonstrate that a state insurance department provides a baseline level of effective solvency regulation and supervision of multistate insurers, allowing non-domestic states to rely on the accredited domestic regulator. Accreditation is based on a comprehensive independent, on-site review at least once every five years, with interim annual reviews, covering solvency laws and regulations, financial analysis and examination capabilities, organizational and personnel practices, and oversight of primary licensing, re-domestications, and changes of control of domestic insurers.
National Association Of Insurance Commissioners 2026-03-23
National Association of Insurance Commissioners accredits New Jersey and Tennessee insurance departments under its solvency oversight standards
The NAIC's Financial Regulation Standards and Accreditation Committee accredited New Jersey and Tennessee's insurance regulatory departments at the 2026 Spring National Meeting. This confirms compliance with NAIC standards for financial solvency oversight, allowing reliance by non-domestic states. Accreditation involves a comprehensive review every five years, with annual interim reviews assessing solvency laws, financial analysis, and regulatory practices.