National Association of Insurance Commissioners

The National Association of Insurance Commissioners (NAIC) is a group formed by U.S. state insurance regulators. It helps set standards and guidelines for the insurance industry to promote consistent regulation across states. The NAIC addresses issues like consumer protection, financial stability of insurance companies, and ensuring fair practices. Although it doesn’t have legal authority, its recommendations influence state laws and policies. By fostering collaboration and sharing information among states, the NAIC aims to improve the overall efficiency and safety of the insurance market for consumers and businesses alike.