Citing family obligations and the desire to revise a textbook, Therese (Terri) Vaughan will step down as CEO of the National Association of Insurance Commissioners. Her effective resignation date in the first quarter of 2013 has not yet been determined.
Since being hired as CEO in February 2009, Vaughan has been responsible for overseeing operations of the NAIC, including offices in Kansas City, New York and Washington. She serves as the association's primary representative and chief spokesperson in Washington. She also currently serves as the Chair of the Joint Forum, a Basel-based group of banking, insurance and securities supervisors created to address cross-sectoral and financial conglomerate issues. In addition, she is a member of the Executive Committee of the International Association of Insurance Supervisors .
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