George Nichols III
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George Nichols III
George Nichols III is an American banker and insurance commissioner and executive. He is Kentucky's first African-American insurance commissioner, and in 2000 became the first African-American president of the National Association of Insurance Commissioners. Background and education Born in Bowling Green, Kentucky, George Nichols III was raised by his four older sisters. He attended Alice Lloyd College and graduated in 1980. From there, he went to get a Bachelor of Arts in sociology and economics at Western Kentucky University and then am Master of Arts, M.A. in labor studies from the University of Louisville. Career Nichols worked for New York Life Insurance Company for 17 years, and then became president of the American College of Financial Services in Pennsylvania. He was appointed to the board of directors of Louisville's Republic Bank & Trust Company in 2020. Nichols also worked for Kentucky's Department of Insurance. Recognitions and accolades * First African-Americ ...
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National Association Of Insurance Commissioners
The National Association of Insurance Commissioners (NAIC) is the U.S. standard-setting and regulatory support organization created and governed by the chief insurance regulators from the 50 states, the District of Columbia, and five U.S. territories. Mission and function Through the NAIC, state insurance regulators establish standards and best practices, conduct peer review, and coordinate their regulatory oversight. NAIC staff supports these efforts and represents the collective views of state regulators domestically and internationally. NAIC members, together with the central resources of the NAIC, form the national system of state-based insurance regulation in the U.S. The NAIC is an Internal Revenue Code Section 501(c)(3) non-profit organization. The NAIC acts as a forum for the creation of model laws and regulations. Each state decides whether to pass each NAIC model law or regulation, and each state may make changes in the enactment process, but the models are widely, alb ...
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