About the NAIC
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. Through the NAIC, state insurance regulators establish standards and best practices, conduct peer review, and coordinate their regulatory oversight. NAIC staff supports these efforts and represents the collective views of state regulators domestically and internationally. NAIC members, together with the central resources of the NAIC, form the national system of state-based insurance regulation in the U.S.
2019 NAIC Strategic Priorities
In 2019, the NAIC will focus on eight issues central to our mission of protecting policyholders and advancing the state-based policy agenda. Learn more about the NAIC's strategic priorities for 2019:
State Ahead is a three year blueprint for the NAIC's future, showing the way toward building on existing strengths as a nexus for innovation and a hub of resources for insurance departments to draw upon. More information is available on the State Ahead webpage.
NAIC members are the elected or appointed state government officials who along with their departments and staff, regulate the conduct of insurance companies and agents in their respective state or territory.
Michael F. Consedine
Chief Executive Officer
Andrew J. Beal
Chief Operating Officer and Chief Legal Officer
The mission of the NAIC is to assist the state insurance regulators, individually and collectively, in serving the public interest and achieving the following fundamental insurance regulatory goals in a responsive, efficient and cost effective manner, consistent with the wishes of its members.
Protect the public interest;
Promote competitive markets;
Facilitate the fair and equitable treatment of insurance consumers;
Promote the reliability, solvency and financial solidity of insurance institutions; and
Support and improve state regulation of insurance.
In accordance with the NAIC Bylaws, the association is directed by its Executive Committee consisting of the NAIC Officers, the most recent past president; the twelve (12) members of the zones (Chair, Vice-Chair and Secretary from each of the four Zones). The Executive Committee oversees the NAIC's Chief Executive Officer and senior management regarding the association's day-to-day operations. All NAIC Members are subject to the NAIC Conflict of Interest Policy.
NAIC Leadership and Governing Board
A Tradition of Consumer Protection
State insurance regulators created the NAIC in 1871 to address the need to coordinate regulation of multistate insurers. The first major step in that process was the development of uniform financial reporting by insurance companies. Since then, new legislative concepts, new levels of expertise in data collection and delivery, and a commitment to even greater technological capability have moved the NAIC forward into its role as a multidimensional, regulatory support organization.
With offices in Kansas City, Missouri, New York and Washington, D.C. the NAIC staff provide invaluable support to insurance commissioners. The following lists the primary activities and organizations of the NAIC.
Most employees work at the NAIC Central Office located in Kansas City, Missouri. This office is home to the following divisions:
Communications/Media Relations – Provides communications for the NAIC and its members through media relations, news releases, electronic and Web-based material, and the promotion of consumer education through Insure U.
Executive – Provides overall support to the NAIC and its members. The Executive Division includes the Finance Department and the Business Strategy, Risk Management and Compliance Department.
Financial Regulatory Services (FRS) – Provides technical expertise in areas of financial regulation, solvency regulation, financial reporting, statutory accounting, capital adequacy (risk-based capital), accounting, examinations, reinsurance, investments and international insurance issues to regulators.
Human Resources and Internal Services – Contributes to the NAIC’s internal operations, including human resources activities, facilities, records management, and copy and mail services.
Information Technology Group (ITG) – Works to protect insurance consumers by delivering information technology products and services that support state-based insurance regulation. The ITG supports a number of tools that enable insurance regulators to further the state-based system, including: service desk; enterprise technology initiatives; market regulation systems; financial data repository and analysis; Automated Valuation Service (AVS+); System for Electronic Rate and Form Filing (SERFF); Online Premium Tax for Insurance (OPTins); securities valuation systems; and State Based Systems (SBS). Ultimately, the ITG strives to provide world-class data-collection capabilities and unparalleled technology for state-based insurance regulation.
Legal – Researches and analyzes developments in insurance law, provides advice to state insurance regulators and serves as in-house counsel to the association.
Member Services – Provides support to members and staff in the areas of Education and Training, Meeting Planning, and Library Resources.
Regulatory Services Division – Provides support to members and staff in the areas Actuarial & Statistical Services, Market Regulation, and Financial Regulatory Services.
Technical Services – Provides overall technology support with I-Site, MyNAIC, and StateNet. The NAIC Help Desk is staffed 8 a.m. – 5 p.m. Central time, Monday to Friday.
The NAIC's Capital Markets & Investment Analysis Office is located in
the heart of New York's Financial District. The Capital Markets &
Investment Analysis Office examines the credit quality and value of
insurer's investment portfolios for the benefit of the regulatory
Washington, D.C. is home to the NAIC's Executive Office. This office
advises state regulators on policy implications of federal legislation and
other federal and international actions affecting their authority over the
business of insurance.