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Last Updated 4/09/18
Building on the success of the China Intern-Pilot Program in 2004, NAIC developed a formal International Internship Program in 2005 to advance working relations with foreign markets, emphasizing the exchange of regulatory techniques and technology. The program was formally renamed the International Fellows program in 2010. The Fellows participate in a week-long orientation program in Kansas City, Mo., focusing on the broad principles of insurance regulation in the United States. Each Fellow then travels to a different state for nearly five weeks, working in technical areas of their specialization under the supervision of a state insurance department staff member, who serves as a mentor and host.
The NAIC welcomed eight fellows to the program on April 9 at the NAIC Central Office in Kansas City. Countries represented this spring include Cayman Islands, Guatemala, India, Kenya, Saudi Arabia, Taiwan, and CIMA (an organization of insurance supervisors from French-speaking West and Central African jurisdictions). Host jurisdictions are District of Columbia, Louisiana, Missouri, New York, Oklahoma, and Texas. In addition to the nine fellows, a supervisor from South Korea currently seconded to the California Department of Insurance, a supervisor from the Bermuda Monetary Authority, attended the training in Kansas City.
The program will conclude in New York City with training at the NAIC Capital Markets & Investment Analysis Office, as well as roundtables with U.S. insurance industry representatives and consumer representatives and a ceremonial graduation dinner to highlight the fellows' accomplishments. The NAIC Fellows Program is conducted twice a year — spring and fall.
More than 280 participants from 35 countries have participated in the training program. In addition, since 2006, we have had nine secondees from Korea hosted in either California or Hawaii. Thirty-eight U.S. jurisdictions have hosted these non-U.S. regulators, including: Alabama, Arkansas, California, Colorado, Connecticut, Delaware, District of Columbia, Georgia, Hawaii, Illinois, Iowa, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, Ohio, Oklahoma, Pennsylvania, Puerto Rico, South Carolina, Tennessee, Texas, Vermont, Virginia and West Virginia. We look forward to additional jurisdictions joining this growing list.