National Association of Insurance Commissioners (NAIC) Law and Legal Definition
The National Association of Insurance Commissioners (NAIC) is a national association of state officials charged with regulating insurance, that seeks to organize the regulatory and supervisory efforts of the various state insurance commissioners around the U. S.. The NAIC was formed in 1871 to bring national uniformity in insurance regulation. The functions of NAIC include promoting competitive insurance markets, facilitating fair treatment of consumers, promoting reliable and financially stable insurance companies to the public, and supporting current regulations for state insurance.
Legal Definition list
- National Association of Insurance Commissioners (NAIC)
- National Association of Crime Victims Compensation Boards
- National Association of Certified Valuation Analysts
- National Association for the Advancement of Colored People
- National Assessment of Educational Progress [NAEP]
- National Association of Intercollegiate Athletics
- National Association of Investors Corporation
- National Association of Legal Assistants
- National Association of Older Worker Employment Services
- National Association of Personal Financial Advisors
- National Association of Real Estate Investment Trusts
