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NAIC

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National Association of Insurance Commissioners
Also called the NAIC. A non-profit organization in the United States consisting of the heads of the insurance departments of each state and U.S. territory. The NAIC drafts model legislation and conducts other activities geared toward bringing together the insurance regulation laws in each state. The NAIC exists because each state may regulate insurance autonomously but it is advantageous for the states to have similar laws for the sake of consistency and to reduce jurisdictional arbitrage. The NAIC was established in 1871.

National Association of Investors Corporation
An umbrella organization of thousands of local clubs across the United States that encourages successful investment practices among members. In particular, the NAIC encourages members to make long-term investments in companies with high growth potential. It runs educational and support programs for members. It was established in 1951 and is based in Michigan. It is also called BetterInvesting.

NAIC


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As the NAIC prepares its 2010 budget, organization officials are vowing to take aggressive steps to rein in spending.
NAIC also posts monthly trend reports on complaints by reason and type of insurance, as well as by how the complaints were resolved.
Two days later, that Association announced that Weatherford would be a paid consultant to the NAIC through September of this year; but at the same time Andrew Beal, deputy executive vice president and chief legal officer, was named acting executive vice president and CEO.
 
 
 
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