National Association of Insurance Commissioners: Maryland Implements State-Based Systems
Apr 12, 2011
The following news release was issued by the National Association of Insurance Commissioners on April 12, 2011:
Maryland Implements SBS
WASHINGTON, D.C. (April 12, 2011) – The National Association of Insurance Commissioners (NAIC) announced today the State Based Systems (SBS) implementation for Maryland.
“We are excited to be implementing SBS and gaining access to all of the efficiencies SBS offers,” said Beth Sammis, Maryland Acting Insurance Commissioner. “The vast array of internal and external reporting functions offered by SBS will benefit all involved in the regulation and business of insurance.”
“We are pleased to add Maryland to the SBS family,” said Susan E. Voss, NAIC President and Iowa Insurance Commissioner. “The Maryland Insurance Administration will soon realize that SBS offers a variety of initiatives which will allow the department to improve customer service while reducing costs. As we all struggle with shrinking state budgets, implementing SBS offers a unique opportunity for state insurance departments to improve their services without incurring additional costs.”
In addition to Maryland, SBS is currently the system of choice in Alabama, Delaware, the District of Columbia, Florida, Illinois, Iowa, Kansas, Missouri, Nebraska, New Hampshire, New Jersey, North Carolina, North Dakota, Oklahoma, Oregon, Puerto Rico, Rhode Island, Tennessee, the U.S. Virgin Islands and West Virginia.
Click HERE for more information about changes affecting Maryland licensees.
Click HERE for more information about SBS.