With technology playing an increasingly important role in the modernization and standardization of the 50-state system of insurance regulation, officials from the National Association of Insurance Commissioners have decided the time is ripe for development of standards that can make the process more seamless.The National Technical Architecture working group started work early this year on standards that will be mandatory for information projects developed directly for the Kansas City, Mo.-based NAIC, and serve as a guide for state and industry efforts that target national regulatory interoperability.
James Winningham, the chief information officer for the Arkansas Department of Insurance and chairman of the NAIC's National Technical Architecture working group, says he hopes to have the standards in place by the beginning of next year-but was reluctant to be committed to any particular timetable.
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