National Association Of Insurance Commissioners (naic)

The National Association of Insurance Commissioners (NAIC) is a U.S.-based organization that sets standards and provides regulatory support for the insurance industry. It is composed of insurance regulators from all 50 states, the District of Columbia, and five U.S. territories. The NAIC develops model laws and regulations, conducts research, and provides a forum for the exchange of information and ideas among regulators and the industry. It generates revenue through membership fees, the sale of publications, and services such as data collection and analysis. Founded in 1871, the NAIC has played a crucial role in shaping insurance regulation and ensuring consumer protection in the United States.

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