NAIC 2008 Annual Report: “Navigating Change”

<p align="justify"><br> <font face="Arial, Helvetica" size="2"><strong>SAN DIEGO (March 16, 2009) — The National Association of Insurance Commissioners (NAIC)</strong> today released its 2008 Annual Report, “Navigating Change.” The report provides a comprehensive review of the NAIC’s progress during the past year, summarizing how state insurance regulators have charted a steady course amidst a year of economic turmoil and uncertainty.</font></p> <p align="justify"><font face="Arial, Helvetica" size="2">“With fortitude, determination and the same bold spirit as the seafaring explorers of centuries past,” said NAIC CEO Therese M. (Terri) Vaughan, Ph.D., “today’s insurance regulators remain ready, willing and able to navigate the changes caused by our nation’s rocky financial waters.”</font></p> <p align="justify"><font face="Arial, Helvetica" size="2">To better illustrate, the annual report provides an overview of regulatory activities in the following areas:</font></p> <ul> <li> <div align="justify"><font face="Arial, Helvetica" size="2">Consumer Protection: On the Right ‘Tack’</font></div> </li><li> <div align="justify"><font face="Arial, Helvetica" size="2">Consumer Education: Charting the Course</font></div> </li><li> <div align="justify"><font face="Arial, Helvetica" size="2">Meeting Market Challenges: An Anchor in the Storm</font></div> </li><li> <div align="justify"><font face="Arial, Helvetica" size="2">Market Regulation: All Hands on Deck</font></div> </li><li> <div align="justify"><font face="Arial, Helvetica" size="2">Regulatory Modernization: Anchors Aweigh</font></div> </li><li> <div align="justify"><font face="Arial, Helvetica" size="2">Regulatory Cooperation: Smooth Sailing</font></div> </li></ul> <p align="justify"><font face="Arial, Helvetica" size="2">The report also includes a copy of the NAIC’s audited financial statements, a complete membership list, an organizational chart and a list of accreditations and special awards given during 2008.</font></p> <p align="justify"><font face="Arial, Helvetica" size="2">Click <a href="http://www.naic.org/documents/about_2008_annual_report.pdf">HERE</a> to download the complete 2008 Annual Report.</font></p> <p align="justify"><font face="Arial, Helvetica" size="2"><strong>About the NAIC</strong></font></p> <p align="justify"><font face="Arial, Helvetica" size="2">Formed in 1871, 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 five U.S. territories. The NAIC has three offices: Executive Office, Washington, D.C.; Central Office, Kansas City, Mo.; and Securities Valuation Office, New York City. The NAIC serves the needs of consumers and the industry, with an overriding objective of supporting state insurance regulators as they protect consumers and maintain the financial stability of the insurance marketplace. For more information, visit</font> <a href="http://www.naic.org/"><font face="Arial, Helvetica" size="2">www.naic.org</font></a><font face="Arial, Helvetica" size="2">.</font></p>