Montana insurance commissioner is first from Treasure State to lead the group
HELENA, Mont. – Montana Insurance Commissioner Monica J. Lindeen was elected president of the National Association of Insurance Commissioners, a national organization that fights for states’ rights in insurance regulation and sets national standards for insurance companies.
Lindeen will begin her one-year term on Jan. 1, 2015. She is the first Montana insurance commissioner to serve as president of the NAIC.
“I’m proud to bring Montana’s story to the highest level of national and international insurance,”Lindeen said. “Montanans value hard work and fairness. That’s what it will take to move critical insurance issues forward in order to protect consumers and the insurance markets back home.”
Headquartered in Kansas City, Mo., the National Association of Insurance Commissioners (NAIC) is made up of the top insurance regulators in every state, the District of Columbia and the five U.S. territories. The organization sets national standards for the U.S. insurance industry and supports regulators to strengthen the American system of insurance regulation at the state – not federal – level.
Lindeen has served in many elected leadership roles in the NAIC. She follows North Dakota Insurance Commissioner Adam Hamm, whose term expires at the end of the year.