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Lindeen Elected NAIC President-Elect

Meets with Secretary of Treasury Lew

December 18, 2013

HELENA – Montana Commissioner of Securities and Insurance Monica J. Lindeen was unanimously elected President-Elect of the National Association of Insurance Commissioners (NAIC) during the NAIC fall national meeting Tuesday in Washington, D.C. Lindeen’s election puts her in line to be President of the organization in 2015 giving Montana a much-coveted and important role in international and national insurance issues.

I am honored that my fellow commissioners from across the country continue to place their trust in my ability to lead this organization during such a critical time,” said Lindeen. “I look forward to the challenge and am honored to serve alongside the rest of the NAIC officer group.

Lindeen, who currently serves as NAIC Vice-President, was nominated by Florida Insurance Commissioner Kevin McCarty.

"Monica is respected for her ability to put principles before politics and work with colleagues on issues that help working families and businesses," McCarty said.

As a member of NAIC’s leadership team, Lindeen will participate in high-level international and national meetings as she continues to work with fellow commissioners to strengthen the country’s state-based system for regulating insurance.

On Tuesday, Lindeen represented Montana and the NAIC at a meeting with U.S. Treasury Secretary Jack Lew and Federal Insurance Office Director Michael McRaith. Lindeen and fellow NAIC officers discussed significant international developments and emphasized the role state insurance commissioners play in addressing global issues.

"As an NAIC officer, I am fully committed to working with Secretary Lew and Director McRaith on the international insurance issues of great importance to our country and Montanans," said Lindeen.

Lindeen’s term as NAIC President-Elect begins on January 1, 2014.

About the NAIC:
The National Association of Insurance Commissioners (NAIC) is the U.S. standard-setting and regulatory support organization created and governed by the chief insurance regulators from the 50 states, the District of Columbia and five U.S. territories. Through the NAIC, state insurance regulators establish standards and best practices, conduct peer review, and coordinate their regulatory oversight. NAIC staff supports these efforts and represents the collective views of state regulators domestically and internationally. NAIC members, together with the central resources of the NAIC, form the national system of state-based insurance regulation in the U.S. For more information, visit www.naic.org.