NAIC Model Laws

NAIC Model Laws are standardized regulations created by the National Association of Insurance Commissioners to promote consistency and fairness across state insurance laws. They serve as templates that states can adopt or adapt to regulate insurance companies, protect consumers, and ensure financial stability in the industry. These laws cover areas like policy approval, insurer management, and claim handling, helping maintain a reliable and transparent insurance market nationwide. Essentially, they provide a uniform legal framework that helps states work together effectively in overseeing insurance practices.