Squashing deceptive and misleading insurance marketing practices is among the top regulatory priorities for the National Association of Insurance Commissioners (NAIC), which noted that insurance regulators play leading role in combatting deceptive marketing practices. To aid in this mission, the NAIC is enhancing the ability of state insurance departments to share information on individuals and entities misleading consumers or misrepresenting products. Other actions include amendments to model laws and further coordination with federal agencies to give state insurance departments regulatory authority over third-party marketing organizations and insurance lead generators. "Our plans for 2023 position us well to continue to advance state-based solutions on current challenging issues. Through close collaboration, careful analysis and coordinated action, state insurance regulators are committed to protecting consumers and competitive markets in an evolving world," Chlora Lindley-Myers, NAIC president and director of the Missouri Department of Commerce and Insurance, said in a release. The above slideshow reviews the NAIC's other five regulatory priorities for 2023. These goals and potential work plans are finalized after committee members are selected, and chairs and vice chairs are assigned. The association recently announced its 2023 committee leadership, which is as follows: |

P&C Insurance Committee

Chair: |

• Alan McClain, commissioner, Arkansas Department of Commerce, Arkansas Insurance Department.

Co-vice chairs: |

• Grace Arnold, commissioner, Minnesota Department of Commerce.
• Larry D. Deiter, director, South Dakota Department of Labor and Regulation, Division of Insurance.

Life Insurance and Annuities Committee

Chair: |

• Judith L. French, director, Ohio Department of Insurance.

Vice chair: Carter Lawrence, commissioner, Tennessee Department of Commerce and Insurance. |

Health Insurance and Managed Care Committee

Chair: |

• Anita G. Fox, director, Michigan Department of Insurance and Financial Services.

Co-vice chairs: |

• Jon Pike, commissioner, Utah Insurance Department.
• Mike Kreidler, commissioner, Washington State Office of the Insurance Commissioner.

Market Regulation and Consumer Affairs Committee

Chair: |

• Jon Pike, commissioner, Utah Insurance Department.

Co-vice Chairs: |

• Mike Causey, commissioner, North Carolina Department of Insurance.
• Michael Humphreys, acting commissioner, Pennsylvania Insurance Department.

Financial Condition Committee

Chair: |

• Elizabeth Kelleher Dwyer, superintendent, Rhode Island Department of Business Regulation, Division of Insurance.

Vice chair: |

• Nathan Houdek, commissioner, Wisconsin Office of the Commissioner of Insurance.

Financial Regulation Standards and Accreditation Committee

Chair: |

• Lori K. Wing-Heier, director, Alaska Department of Commerce, Community, and Economic Development, Division of Insurance.

Co-vice chairs: |

• Vicki Schmidt, commissioner, Kansas Insurance Department.
• Sharon P. Clark, commissioner, Kentucky Department of Insurance.

International Insurance Relations Committee

Chair: |

• Gary D. Anderson, commissioner, Office of Consumer Affairs and Business Regulation, Massachusetts Division of Insurance.

Vice chair: |

• Eric Dunning, director, Nebraska Department of Insurance.

Innovation, Cybersecurity, and Technology Committee

Chair: Kathleen A. Birrane, commissioner, Maryland Insurance Administration. Co-vice chairs: |

• Michael Conway, commissioner, Colorado Department of Regulatory Agencies, Division of Insurance.
• Doug Ommen, commissioner, Iowa Insurance Division.

Related: |

• 2023 P&C Outlook: Assessing the impact of higher rates & greater underwriter scrutiny
• Claims issues to watch in 2023
• Pricing, better investment yields could improve P&C performance in 2023