Idaho, Kentucky, Oklahoma, Vermont renew NAIC accreditation

During the NAIC’s 2025 Fall National Meeting, the NAIC Financial Regulation Standards and Accreditation (F) Committee voted to accredit the insurance regulatory departments in Idaho, Kentucky, Oklahoma, and Vermont.

Accredited insurance departments undergo a comprehensive, independent review every five years to ensure they meet financial solvency oversight standards.

The NAIC Accreditation Program demonstrates that state insurance regulatory departments meet standards of solvency regulation and provide effective regulation of multistate insurers. NAIC accreditation allows non-domestic states to rely on the accredited domestic regulator to fulfil a baseline level of effective financial regulatory oversight.

To become accredited, a US state or territory insurance regulatory department must submit to a full on-site accreditation review by a team of independent consultants who evaluate its capabilities in the following areas: Financial solvency laws and regulations; financial analysis and examination capabilities; organizational and personnel practices; primary licensing, re-domestications, and change of control of domestic insurers

For a state insurance regulatory department to remain accredited, an accreditation review must be performed at least once every five years, with interim annual reviews. If necessary, key areas for improvement may be provided to the state, and an interim follow-up may be required.

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