May 17, 2021

FOR IMMEDIATE RELEASE

CONTACT: Jennifer Bruce (Jennifer.bruce@arkansas.gov • 501.371.2622)

Arkansas Insurance Department Confers with Arkansas Congressional Delegation

State insurance regulators hold virtual meetings with Capitol Hill leaders

LITTLE ROCK, Ark. – Arkansas Insurance Department (AID) Commissioner Alan McClain will join 38 colleagues from the National Association of Insurance Commissioners (NAIC) to participate in a virtual fly-in this week. Chief state insurance regulators will offer insights on insurance regulatory priorities, discuss the need for a long-term reauthorization of the National Flood Insurance Program (NFIP), and discuss proposals that strengthen health insurance markets; protect policyholders during an insurance receivership; support pandemic business interruption insurance; and give state insurance regulators a vote on the Financial Stability Oversight Council.

“Although we can’t meet in person, it is important that we continue to work with Congress and our federal counterparts in protecting insurance consumers in Arkansas," said Commissioner McClain. “This forum is an important way for us to discuss key issues and strengthen our working relationships.”

State Insurance regulators work with NAIC to protect insurance consumers as well as ensure that regulation evolves to meet the needs of an ever-changing insurance marketplace. McClain will meet virtually with each member of the Arkansas Congressional Delegation on May 18-19 to discuss several legislative priorities.

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About the Arkansas Insurance Department:

The Arkansas Insurance Department, a division of the Arkansas Department of Commerce, was created on March 7, 1917, by an Act of the Arkansas General Assembly. For more information on the Arkansas Insurance Department, please visit https://insurance.arkansas.gov, follow us on Twitter at https://twitter.com/ARInsuranceDept and Facebook at https://www.facebook.com/ArkansasInsuranceDepartment.