The Kansas Insurance Department announced Kansas has received accreditation from the National Association of Insurance commissioners for the next five years. Through the program, state insurance regulators establish standards and best practices, conduct peer review and coordinate their regulatory oversight.
Insurance Commissioner, Vicki Schmidt, says accreditation is a critical component of maintaining our ability as a State to regulate companies residing in Kansas. The Multi-state accreditation program was started in 1990 after results from a Congressional report highlighted a need for increased Interstate cooperation and improved state-level regulatory monitoring. The states and territories have worked together through the NAIC to develop national standards to promote best practices for regulating the financial solvency of insurance companies. Multi-state accreditation allows one state to rely on the accredited regulatory work of another state to provide effective and efficient oversight. The Kansas Insurance Department will be up for accreditation again in 2026
