Well, this should be interesting.
The National Association of Insurance Commissioners (NAIC) on Monday announced that it had decided to move forward with a review of its corporate governance policies and would be hiring an outside consultant to assist with the process. The review, authorized by the group's Governance Review Task Force, will include a "broad review of the NAIC's organizational structure, committee processes and external engagements," according to the statement. No timeline was given, though the NAIC did say that the RFP will be posted on its Web site upon issuance.
"As in past reviews of NAIC governance, we hope the consultant can assist us in facilitating a thorough evaluation and identifying best practices for us to consider," said Adam Hamm, NAIC President and North Dakota Insurance Commissioner.
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