FOR IMMEDIATE RELEASE

Address Change Tool Sees Success
New Product Reduces Paperwork, Processing Time

KANSAS CITY, Mo. (Dec. 31, 2007) — Since its inception last summer, the National Insurance Producer Registry's (NIPR) Address Change Request has seen overwhelming success. By year-end 2007, NIPR will have processed more than 170,000 ACR transactions. Industry and state regulatory representatives have been pleased with this free service and the benefits it has provided.

"Electronic ACR transactions have certainly lived up to the long-awaited expectations. The number of transactions we received in the first few weeks was more than we hoped for — and, within a short time, we noticed a reduction in the number of paper address change requests," said North Dakota Insurance Commissioner Adam Hamm. "ACR provides a convenient method for producers to accurately communicate a vital piece of information to regulators. It also, at no cost and in one place, allows producers to view all their current address records for every state, making it easier for them to monitor and maintain their records."

There are currently 45 jurisdictions participating in ACR. The remaining six jurisdictions will be added by the end of the second quarter of 2008. Producers and authorized users can view the complete list of participating states and submit individual producer address changes through the NIPR Web site, www.NIPR.com.

About NIPR
Incorporated in October 1996, the National Insurance Producer Registry (NIPR) is a non-profit affiliate of the National Association of Insurance Commissioners (NAIC). NIPR developed and implemented the Producer Database (PDB) and Electronic Appointments/Terminations (formerly PIN). NIPR is governed by a board of directors that includes seven members representing the NAIC and six industry members representing a cross-section of the insurance industry. For more information, visit NIPR on the Web at www.NIPR.com.

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Contacts

Communications Department
news@naic.org

Scott Holeman
Communications Director

Jeremy Wilkinson
Electronic Communications Manager       

Heidi Robertson
Communications Specialist

Vanessa Sink
Communications Specialist

Carly Halvorson

Communications Intern

NIPR Customer Service
816.783.8468

 

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2007 National Insurance Producer Registry. All rights reserved.