NAIC (National Association of Insurance Commissioners)

The National Association of Insurance Commissioners (NAIC) is a U.S. organization that private insurance regulators from each state and territory join voluntarily. It aims to promote uniformity in insurance regulation, protect consumers, and improve the stability and fairness of the insurance industry. The NAIC develops model laws, standards, and best practices to help state regulators oversee insurance companies effectively. While it doesn’t directly regulate insurance companies, its guidance and collaborative efforts ensure consistent, safe, and transparent insurance practices nationwide.