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NAIC corporate governance review to move forward

Consultants to review group's organizational structure, committee processes and external relationships.

By Tim Sprinkle | Updated on July 14, 2014
Connecticut Insurance Commissioner Thomas B. Leonardi

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.

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