AICPA/FAF/NASBA “Blue-Ribbon Panel” on Standard Setting for Private Companies
National Association of Insurance Commissioners
The NAIC, formed in 1871, is the organization of insurance regulators from the 50 states, the District of Columbia and the five U.S. territories. The NAIC provides a forum for the development of uniform policy when uniformity is appropriate. A state regulator's primary responsibility is to protect the interests of insurance consumers, and the NAIC helps regulators fulfill that obligation. That assistance is related to the regulators' shared objectives of financial and market conduct regulation. The NAIC is being represented by Dan Daveline, Assistant Director of the Financial Regulatory Services Department.