Explore the History of the NAIC in Our Interactive Timeline.

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.

Naic has several histories when it comes to the origin of its name. One theory suggests that it originated when a Spaniard asked a native about what the pig is doing and he said " na-igik " (crying sound of pigs), thus later on developed as Naic.

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.

Jul 18, 2022 · The NAIC was founded in 1871 by state insurance regulators to address the need to "coordinate regulation of multistate insurers. The first major step in that process was the development...

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,

Mar 19, 2025 · What is the history of the National Association of Insurance Commissioners? Answer: Established in 1871 by state insurance regulators, the NAIC’s mission has been to coordinate regulation among multistate insurers and develop uniform financial reporting for insurance companies.

Mar 7, 2024 · What exactly is the National Association of Insurance Commissioners (NAIC)? How should the public understand this institution, its history, and role within the insurance marketplace and as an organization watching out for policyholders?

History of the NAIC. The fundamental elements of the NAIC began in 1940. Fred Russell and several friends created the Mutual Investment Club of Detroit to explore investing in stocks.

Aug 27, 2024 · The NAIC has a rich history dating back to its founding in 1871. State insurance regulators came together to address the need for coordinated regulation of insurers operating across multiple states. Their first major step was the development of uniform financial reporting by insurance companies.