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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.


References in periodicals archive ?
NAIC staff supports these efforts and represents the collective views of state regulators domestically and internationally.
The NAIC Executive Committee had previously rejected the move to hire an outside consultant to review the association's policies.
What should any of this matter when the NAIC is strictly an industry advisory association?
ABOUT NAIC The National Association of Insurance Commissioners (NAIC) is the U.
The NAIC helps consumers evaluate their insurance options and connects them to their state insurance department for additional information.
Once it settles on a proposal, the NAIC would apply to the U.
Carol Wilshire, a financial consultant with Salomon Smith Barney in Oxnard, said she attended this year's conference to learn, but also to recruit NAIC members as possible clients.
To help consumers get smart about insurance needs for age 50 and beyond, the NAIC developed Get Ready resources for Turning 50.
It is expected by the new MD that his office at the NAIC headquarter in Abuja since 12th Feb, where he promised members of staff more training.
Former Nebraska senator and current NAIC CEO Ben Nelson, along with two colleagues, announced the launch of Heartland Strategy Group LLC last week.
The full NAIC membership, or plenary, voted to back a transitional Market Conduct Annual Statement plan for 2009 at its fall national meeting.
Contact the NAIC, a trade association, for more information at 877-ASK-NAIC, or log on at www.