NAIC

Also found in: Dictionary, Acronyms, Wikipedia.

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

See National Association of Investors Corporation.

Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. All rights reserved.

Mentioned in ?

References in periodicals archive ?

She reminded the farmers that NAIC was specifically set up to indemnify farmers that insured their farms with the Corporation and that given the nationwide spread of NAIC branches which are located in the 36 states of the federation including the Federal Capital Territory (FCT).

Flood Alert: NAIC Tasks Farmers On Good Agricultural Practices

One complicating factor is that the National Council of Insurance Legislators is already at (https://www.insurancejournal.com/blogs/2019/07/13/532167.htm) work on its own insurance modernization model legislation, and they are almost certain to beat the NAIC to the finish line.

NAIC Innovation Panel Moves for Update of Anti-Rebating Model

Also on the panel, which will debate the NAIC accreditation program and legislative prerogatives, will be David Counts, a member of the Texas House of Representatives, David J.

Sen. Velella Asks Gov. Cuomo To Stop Insurance Dept. Expenditures For NAIC Activities; Urges Support For Bill Calling For Retaliatory Power

"On behalf of the officers and members of the NAIC, I want to thank Sen.

Nelson says he will not renew contract as CEO of NAIC

Hired in January to her post at the NAIC Urias views her job as an ambassador--articulating to the insurance industry, global regulators, the Federal Insurance Office, and others, the positions developed by the NAIC on global capital standards and other international issues.

Looking ahead: Christina Urias talks about the future of international capital standards and her new position at the National Association of Insurance Commissioners

11 letter alleged that one of the most egregious examples by the Executive Committee was the decision by last year's president, Kevin McCarty of Florida, "to give the Federal Insurance Office (FIO) one of the NAIC's three seats on the International Association of Insurance Supervisors (IAIS) Executive Committee."

Leonardi unloads on NAIC corporate governance; calls for outside review

NAIC Designations are opinions of credit quality that range from NAIC 1, being the highest quality, to NAIC 6, being the lowest quality.

WisdomTree Emerging Markets Corporate Bond Fund gets NAIC designation

Vaughan headed the NAIC during a period when the insurance industry endured the fallout from the mortgage housing bubble in general and the takeover of the nearly-insolvent American International.

At the NAIC, a changing of the guard

How DID THE NAIC CARRY OUT ITS PPACA RESPONSIBILITIES?

Reflections on the National Ass'n of Insurance Commissioners and the implementation of the Patient Protection and Affordable Care Act

Many of us had hoped that NAIC would provide leadership by encouraging the states to ratify legislation consistent with the "one state" concept of regulation and tax remittance--the hallmark of the legislation--and to enact the national standards for company eligibility, exempt commercial purchaser and electronic licensing procedures that the law mandates.

NAIC tries to undercut surplus lines reform

The NAIC is said to have hired BlackRock, Inc to review about 7,000 mortgage-backed securities.