NAIC Flashcards

National Association of Insurance Commissioners

1
Q
  1. Protect the interest of policyowners and consumers.
  2. Ensure State regulation of the insurance business
  3. Encourage consistency in State laws and regulations.
  4. Assist in the administration of laws and regulations.
A

The NAIC has four objectives:

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2
Q

NAIC

A

Protects the policy owner and consumer

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3
Q

NAIC

A

Ensure State regulation of the insurance business

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4
Q

NAIC

A

Encourage consistency in State laws and regulations.

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5
Q

NAIC

A

Assist in the administration of laws and regulations.

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6
Q

The NAIC has four objectives

A

Protect
Ensure
Encourage
Assist

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