Accreditation Program

Financial Regulation Standards & Accreditation Program

Ensures baseline financial regulatory processes and practices in
each accredited state

Generates savings to the states and industry, through regulatory
reliance placed on accredited states

Reduces duplication of financial regulatory processes by setting
baseline expectations

Without the program, financial solvency regulatory processes and
costs would increase exponentially

States might not rely on each other to regulate licensed companies
domiciled in other states

Would result in millions of dollars in examination costs to the industry