What is ‘National Association of Insurance Commissioners – NAIC’
A nationwide organization whose main responsibility is to protect the interests of insurance consumers. Some of the main objectives of the NAIC are to provide support to insurance regulators across the country by promoting competitive markets, the improvement of insurance regulations and equitable treatment of insurance consumers.
Explaining ‘National Association of Insurance Commissioners – NAIC’
The NAIC was created in 1871, and is headquartered in Kansas City, Missouri. Through its many committees, task forces, and working groups, the NAIC attempts to develop and implement laws and regulations that create national standards in an attempt to further benefit insurance consumers.
Further Reading
- The NAIC information system and the use of economic indicators in predicting insolvencies – www.jstor.org [PDF]
- Financial stability and insurance supervision: The future of prudential supervision – www.jstor.org [PDF]
- Insurance regulation in the United States: regulatory federalism and the National Association of Insurance Commissioners – heinonline.org [PDF]
- A financial-economic evaluation of insurance guaranty fund system: An agency cost perspective – www.sciencedirect.com [PDF]
- Life insurer financial distress: classification models and empirical evidence – www.jstor.org [PDF]
- The financial condition and performance of CO-OP plans – repository.upenn.edu [PDF]
- Advances in Pacific Basin Business, Economics and Finance – www.emerald.com [PDF]
- Financial advisor titles: Informational complexity and the role of regulatory simplification – onlinelibrary.wiley.com [PDF]
