National Association of Insurance Commissioner- each company that does business in the United States is assigned a unique NAIC Code Certain companies have multiple NAIC Codes to represent subsidiary companies under a main company
An association of state insurance commissioners established in order to create consistent insurance regulations
The National Association of Insurance Commissioners (NAIC) was founded in 1871 to help promote uniformity in the regulation of insurance among the different states The NAIC is composed of representatives from every US state and territory as well as the District of Columbia The NAIC also monitors financial viability of national companies to prevent insolvencies
National Association of Insurance Commissioners, the organization that establishes general standards for state insurance regulations The NAIC established risk capital standards for insurers and maintains statutory accounting standards