Mulready named as vice chair of NAIC committee

  • Mulready named as vice chair of NAIC committee

OKLAHOMA CITY – Oklahoma Insurance Commissioner Glen Mulready was recently appointed vice-chair of the National Association of Insurance Commissioners’ Life Insurance and Annuities Committee for the 2021 term.

“More people are buying life insurance for the first time, as the pandemic has reminded us of what really matters,” Mulready said in a news release from the Oklahoma Insurance Department. “It is important for regulators to make sure that insurance companies are financially stable and can take care of consumers and their families if they ever need it. As vice-chair of the NAIC’s Life Insurance and Annuities Committee, I look forward to working hard on important life insurance issues.”

Mulready’s other leadership positions with the NAIC include:

• Vice-chair of the Midwest zone for 2021;

• Member of the Government Relations Leadership Council;

• Member of the Health Insurance and Managed Care Committee. The NAIC is the U.S. standard-setting and regulatory support organization created and governed by insurance regulators from all 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 regulatory oversight.

The mission of the Life Insurance and Annuities Committee is to consider issues relating to life insurance and annuities and review new life insurance products.