The Louisiana Department of Insurance (LDI) has earned full national accreditation from the National Association of Insurance Commissioners (NAIC), specifically for its work to promote financial solvency regulation in the state.
The NAIC’s Financial Regulation Standards and Accreditation (F) Committee voted to accredit the LDI during the NAIC’s Spring National Meeting in Indianapolis. The NAIC sets the insurance regulatory standards for all U.S. states, the District of Columbia and five U.S. territories.
A state insurance department earns NAIC accreditation after meeting oversight standards to ensure the department effectively regulates the insurance industry in its region to protect consumers and maintain market stability. The accreditation also denotes that other states can rely on the department’s work.
Louisiana Insurance Commissioner Tim Temple said the accreditation will help the LDI continue to ensure that insurance consumers in the state are well protected through the “proper financial solvency monitoring of insurance companies.”
“This accreditation reflects the hard work and dedication of our Office of Financial Solvency staff to provide effective oversight of insurers’ operations and business practices to protect Louisiana policyholders,” Temple said in a press release. “The recognition underscores the department’s mission to create a stable and robust insurance market in Louisiana.”
The LDI has also been chosen for several NAIC leadership roles in 2025. Temple will co-vice chair the NAIC’s International Insurance Relations Committee and serve as vice chairman of the Surplus Lines Task Force. He will also be part of the Government Relations Leadership Council and Reinsurance Task Force.