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1. General Information:
2. For consumers, interested parties, and insurance industry professionals, we can assist with non-technical questions regarding:
3. Business Hours:
4. E-mail: [email protected]
5. Phone: 816-783-8500, option 1.

Who are members of the NAIC?

Officers

• David Altmaier. NAIC President. Commissioner, Florida Office of Insurance Regulation.
• Dean L. Cameron. NAIC President-Elect. Director, Idaho Department of Insurance.
• Chlora Lindley-Myers. NAIC Vice President. Director, Missouri Department of Commerce and Insurance.
• Andrew N. Mais. NAIC Secretary-Treasurer.

  What does the National Association of Insurance Commissioners do to protect consumers of insurance products?

  The NAIC sets standards and establishes best practices for the U.S. insurance industry and provides support to insurance regulators. It also provides information and resources to consumers. 1 Insurance products sold in the U.S. are largely regulated by the states, rather than the federal government.

  What does the National Association of Insurance Commissioners do?

  150 Years of Insurance Collaboration and Regulation The National Association of Insurance Commissioners serves to protect the public interest, promote competitive markets, and improve the state regulation of insurance.

  What is NAIC complaint ratio?

  The “median complaint ratio” from the NAIC is always 1.00, meaning half of insurers have a ratio above 1.00 and half have a ratio below. Numbers lower than 1.00 are better. Higher numbers mean more complaints than the median.

  How can a violation of the suitability regulations be reduced or eliminated?

  Compliance Mitigation, Penalties, Enforcement Applicable penalties for a violation may be reduced or eliminated if corrective action is taken for the consumer is taken promptly and if the violation is not part of a pattern or practice.

  Why was the National Association of Insurance Commissioners?

  Insurance Term – National Association of Insurance Commissioners (NAIC) Association of state insurance commissioners whose purpose is to promote uniformity of insurance regulation, monitor insurance solvency, and develop model laws for passage by state legislatures.

  What is a complaint index?

  The complaint index shows the performance of a company relative to other companies in the same market. To calculate the complaint index, we take the company’s annual complaint ratio, and divide it by the total number of complaints about all the companies in the same market.

  Who are the National Association of Insurance Commissioners?

  The National Association of Insurance Commissioners (NAIC) is the U.S. standard-setting and regulatory support organization created and governed by the chief insurance regulators from the 50 states, the District of Columbia and five U.S. territories.

  How often does the National Association of insurance meet?

  Today, the NAIC meets three times a year, in various locations across the United States. The NAIC meetings are a national forum for resolving major insurance issues, allowing regulators to develop coherent national policy on the regulation of insurance when a national policy is appropriate.

  Where can I Find my Naic code number?

  The easiest way to find the NAIC is to contact your insurance company and find out what it is. The only downer to this is that your auto insurer might try to sell you new insurance in addition to giving you the NAIC code.

  How is the National Association of insurance funded?

  The NAIC is funded through a number of revenue sources. The states, by way of membership dues, contribute less than 3 percent of the revenue the NAIC devotes to funding member-directed initiatives, as well as many other services that help the states work together collaboratively and cooperatively.