NAIC Accredits Insurance Division

New Jersey's Department of Banking and Insurance announced the National Association of Insurance Commissioners reaccredited it for another five years. The reaccreditation was announced Friday during NAIC's summer meeting in Chicago. NAIC reviews state insurance departments every five years to ensure they meet solvency standards and have proper statutory authority and expertise to oversee carriers. Department of Banking and Insurance Acting Commissioner Richard J. Badolato said in a statement the reaccreditation signals to the insurance industry, business community and consumers that...