The National Association of Insurance Commissioners (NAIC) is a collective of state insurance regulators in the United States, established to coordinate the regulation of the insurance industry and ensure its financial stability. The NAIC creates model laws and regulations that states can adopt to promote uniformity and strengthen consumer protection across different jurisdictions. This organization plays a crucial role in overseeing solvency and risk management in the insurance sector, as well as addressing reinsurance practices to mitigate risk exposure.
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