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In 1938, Elsie B. Mayer and C. Bertha Rachofsky joined with nine other Denver insurance women to form an organization for educational purposes. To launch the organization they had to:
The first meetings were devoted to insurance education and discussion of a national organization. Because of the favorable response to the local group in Denver, Elsie and Bertha began to investigate the possibility of a national association. The organizational meeting was announced in "National Underwriter” magazine and all insurance groups were invited to send representatives.
The organizational meeting was held June 21–23, 1940, at the Cosmopolitan Hotel in Denver. Elsie Mayer was appointed general chairman. Sixty-five delegates attended representing 19 groups from Arizona, California, Colorado, Georgia, Iowa, Kansas, Minnesota, New Jersey, Ohio, Oklahoma, Tennessee, Texas, and Washington. Total registration was 187. The meeting resulted in the formation of the National Association of Insurance Women (NAIW).
NAIW was organized with 17 groups representing 2,000 members.The constitution and bylaws were adopted, as well as the creed: "Fellowship-Loyalty-Education”. Nashville Tennessee was selected as the first annual convention site starting in 1941.
Time has brought many changes to the association. To recognize its Canadian and other international members, the word International was added to the official corporate name in 1967. Puerto Rico also affiliated with the association in 1980.
In 2011, NAIW adopted the dba trade name, International Association of Insurance Professionals, to better reflect the diversity of its membership.