Maryland representative: Therese M. Goldsmith, Esq., Maryland Insurance Commissioner
Karen Z. Schutter, Executive Director
Hall of the States, Suite 701, 444 North Capitol St., NW, Washington, DC 20001 - 1509
(202) 471-3962; fax: (816) 460-7476
e-mail: comments@insurancecompact.org
web: www.insurancecompact.org/
Effective October 1, 2006, Maryland joined the Interstate Insurance Product Regulation Compact and became a member of the Interstate Insurance Product Regulation Commission created by the Compact (Chapter 508, Acts of 2005). Currently, forty-three states and the Commonwealth of Puerto Rico are members.
Organized in 2006, the Commission, through the joint efforts of member states, works to protect the interests of insurance consumers; develop uniform standards for insurance products; approve products which meet the uniform standard; and establish a central clearinghouse for prompt review of insurance products and related advertisement of products. In addition, the Commission seeks to improve coordination of regulatory resources and expertise between state agencies setting uniform standards and reviewing insurance products, and perform other functions consistent with State regulation of the insurance business.
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