National Association of Insurance Commissioners

The standard setting body of US state insurance regulators, founded in 1871.

Overview

Members are the commissioners who run state departments. The association writes model laws, from holding company acts to market conduct standards, that states adopt with variations, accredits departments for solvency examination, coordinates multistate actions against insurers, and collects financial data through uniform statements. It runs a national producer licensing system so agents move between states with less friction. Critics have called it an unaccountable private body with real power, and the question has occasionally reached courts, but it remains the glue of the state based system. Its committee calendar and zone meetings set the working rhythm of the entire US insurance regulatory year.