NAIC Leadership Meets with Deputy Secretary Raskin
Statement from Adam Hamm, NAIC President and North Dakota Insurance Commissioner

The work of the U.S. Treasury has the potential to impact effective insurance regulation, and we appreciate Deputy Secretary Raskin taking the time today to meet with us. Issues like cyber risk, the development of global capital standard for non-bank entities and global financial stability all require a detailed understanding of our effective insurance regulatory framework. Inclusion of the state-regulatory perspective is critical, and close coordination with Ms. Raskin to build a constructive federal partnership with the states on insurance matters strengthens the U.S. position in the financial sector globally. We look forward to continuing the conversation.