COLUMBUS — Ohio Lieutenant Governor and Department of Insurance Director Mary Taylor has been appointed by a national insurance organization to serve on numerous committees and task forces to provide consumer protection and regulatory oversight expertise on important state and federal insurance issues. This includes Taylor serving as a member of the Life Insurance and Annuities Committee and the Market Regulation and Consumer Affairs Committee.
“As the ninth largest insurance state, Ohio will continue to be a national leader as well as a champion of market-driven, state-based regulation which helps spur competition and consumer choice,” Taylor said. “I look forward to collaborating with fellow states on key issues related to the life insurance and annuity industry while at the same time working to protect insurance consumers.”
Taylor and the Department will participate on 18 National Association of Insurance Commissioners (NAIC) committees and task forces, including as Chair of the Examination Oversight Task Force, and Vice Chair of the Life Actuarial and Antifraud Task Forces. The Department will address such matters as protecting seniors, combating insurance fraud, sustaining market competition, creating regulatory efficiencies and monitoring the financial solvency of insurance companies.
The NAIC is an organization of insurance regulators from the 50 states, the District of Columbia and the five U.S. territories. The NAIC provides a forum for the development of uniform policy when uniformity is appropriate. To learn more about the NAIC, visit www.naic.org.
Ohioans with insurance questions can call the Department’s consumer hotline at 800-686-1526. Educational insurance information is available at www.insurance.ohio.gov. You can follow the Ohio Department of Insurance on Facebook and Twitter.