The National Association of Insurance Commissioners (NAIC) provides expertise, data, and analysis for insurance commissioners to effectively regulate the industry and protect consumers. Founded in 1871, the U.S. standard-setting organization is governed by the chief insurance regulators from the 50 states, the District of Columbia, and five U.S. territories to coordinate regulation of multistate insurers.
Our Focus: Our Members and our Mission
Our members are state insurance regulators from diverse backgrounds—but are united in their shared commitment to set standards and ensure fair, competitive, and healthy insurance markets to protect consumers. The singular mission of the NAIC is to support our members in these noble causes.
Constantly Evolving and Adapting
In addition to safeguarding the insurance sector, we also provide consumer protection and education, data collection and analysis, technology, financial assessments and reporting, and licensing and testing.
Thinking Nationally, Acting Locally
Our state-based system brings regulators together and empowers them to act in the best interests of the people in their states. At the same time, we also enable commissioners to collaborate and learn from each other, while applying resources to individual states’ needs.
Unwavering Commitment to Protection
Insurance is a promise to be there when people need protection most. We provide training and accreditation programs to regulators at all levels and education for consumers.
Our primary regulatory priorities for 2023 are decided by our members, who continue to work on these crucial priorities and other important issues impacting consumers and the industry throughout the year. Our top priorities are in no specific order.
Climate Risk/Natural Catastrophes and Resiliency
Increased climate risks pose a threat to the lives, property, and livelihood of millions of Americans. NAIC Members will work to close climate risk-related protection gaps through an ongoing consumer education campaign raising awareness of the need for coverage and the support state departments of insurance can offer. Other initiatives will include advocating for a stable, long-term National Flood Insurance Program and standing up the Catastrophe Modeling Center of Excellence (COE) to further empower states in their risk analysis and mitigation efforts.
Data/Artificial Intelligence, Cybersecurity, and Innovation
NAIC members are committed to empowering responsible and pro-consumer innovation in the insurance sector. By updating model laws, engaging with interested parties domestically and internationally, and creating new frameworks and guidance regarding insurers’ responsible data/artificial intelligence (AI) use and cybersecurity response, the NAIC will ensure regulation not only keeps pace with but stays ahead of emerging technologies and associated privacy concerns.
Insurer Financial Oversight and Transparency
Ensuring a solvent and accountable marketplace that keeps its promises to consumers remains a core focus for state insurance regulators, particularly with a prolonged low interest rate environment creating a search for yield in insurer portfolios that led to above-average market and credit risk, along with alternative asset managers’ growing presence in the sector. Plans include resolving a number of considerations advanced by the Macroprudential Working (E) Group to address financial transparency around private-equity-affiliated insurers and traditional life companies and related investment activities.
Long-Term Care Insurance (LTCI)
LTCI continues to be an issue that impacts both vulnerable consumers and healthy markets. This year, the NAIC will examine a transition to a longer-term strategy, which will include implementing the Multistate Actuarial (MSA) Review Framework in coordination with industry to create a more consistent regulatory environment. State insurance regulators will also consider additional possibilities for increasing consumer awareness of “reduced benefits options,” among other goals to help guarantee consumers receive the benefits they were promised.
Marketing of Insurance Products
State insurance regulators continue to lead the national conversation on combating deceptive and misleading insurance marketing. In 2023, the NAIC will further equip consumers by creating a customized search tool to access the license status of insurance producers selling health insurance. The NAIC will also enhance information sharing to assist state insurance departments in spreading the word about individuals and entities misleading consumers or misrepresenting their products. Additional actions will include ongoing coordination with federal agencies and amending model laws to provide state insurance departments with regulatory authority over third party marketing organizations and insurance lead generators.
Race and Insurance/Protection Gaps and Financial Inclusion
The NAIC is committed to continuing to lead the way in 2023 on closing the protection gap, particularly for underrepresented and minority communities, addressing barriers to access, and expanding opportunities in the insurance sector through the N.A.I.C. Foundation.
Director, Missouri Department of Commerce and Insurance
Andrew N. Mais
Commissioner, Connecticut Insurance Department
NAIC Vice President
Commissioner, North Dakota Insurance Department
Scott A. White
Commissioner, Virginia Bureau of Insurance
Acting Chief Executive Officer, Chief Operating Officer and Chief Legal Officer
Select a state or jurisdiction for insurance department contact information.
State Connected Strategic Plan
- Member Connectivity
- Training, Expertise, and Technology
- Data and Analytics
- Consumer Education, Outreach, and Advocacy
- Committee Governance and Management
- NAIC Operations
The NAIC is a dynamic organization that places a premium on creativity and innovation. Explore our open opportunities for your chance to join our team.