OKLAHOMA CITY– On January 12, 2021, Oklahoma Insurance Commissioner Glen Mulready was appointed vice chair of the National Association of Insurance Commissioners’ (NAIC) Life Insurance and Annuities (A) Committee for the 2021 term.
“More people are buying life insurance for the first time as the pandemic has reminded us of what really matters,” said Mulready. “It is important for regulators to make sure that insurance companies are financially stable and can take care of consumers and their families if they ever need it. As vice chair of the NAIC’s Life Insurance and Annuities Committee, I look forward to working hard on important life insurance issues.”
Commissioner Mulready’s other leadership positions with the NAIC include:
- Recently Elected Vice Chair of the Midwest Zone for 2021
- Government Relations Leadership Council
- Health Insurance and Managed Care (B) Committee
The NAIC is the U.S. standard-setting and regulatory support organization created and governed by insurance regulators from all 50 states, the District of Columbia and five U.S. territories. Through the NAIC, state insurance regulators establish standards and best practices, conduct peer review and coordinate regulatory oversight.
The mission of the Life Insurance and Annuities (A) Committee is to consider issues relating to life insurance and annuities and review new life insurance products. More information about this committee can be found at https://content.naic.org/cmte_a.htm.
If you have questions about other insurance issues, please contact the Oklahoma Insurance Department at 1-800-522-0071 or visit our website at www.oid.ok.gov.
The Oklahoma Insurance Department, an agency of the State of Oklahoma, is responsible for the education and protection of the insurance-buying public and for oversight of the insurance industry in the state.