What Is the National Association of Insurance Commissioners?

What Is the National Association of Insurance Commissioners?

The National Association of Insurance Commissioners helps top regulators in the industry set standards and provides them with regulatory support, notes the organization. Its members are the top regulators in each state, Washington, D.C., and five U.S. territories.

The National Association of Insurance Commissioners, or NAIC, helps state insurance regulators establish best practices, conduct peer reviews and coordinate regulatory oversight, states the organization. Its mission is to help state regulators meet goals such as protecting the public interest, promoting competitive markets and improving insurance regulation in an efficient and cost-effective manner. The NAIC represents the views of state insurance regulators in national and international forums.