Office address: 1100 Walnut Street, Suite 1000, Kansas City, MO 64106-2197 
Website: content.naic.org 
Year established: 1871 
Employees: 700+ 
Key people: Jon Godfread (president), Scott A. White (president-elect), Elizabeth Dwyer (VP), Jon Pike (secretary-treasurer), Gary Anderson (CEO), Andy Beal (COO), Jim Woody (CFO) 
Operating budget: $173.6 million (projected for FY 2025) 

The National Association of Insurance Commissioners (NAIC) is a nonprofit group formed in 1871 by US state insurance regulators. It helps states create consistent insurance rules and supports regulators with tools and data. This ensures insurance companies stay financially strong and treat customers fairly. 

History of NAIC 

The NAIC was established in 1871 by US state regulators to unify oversight across state lines. It started as the National Insurance Convention before adopting its current name to reflect broader responsibilities.  

Key milestones in NAIC history: 

• 1886: introduced the New York Standard Fire Policy 
• 1945: supported the McCarran-Ferguson Act 
• 1999: formally incorporated as a 501(c)(3) nonprofit organization based in Delaware 
• 2021: celebrated its 150th anniversary of regulatory collaboration and state-based reform 
• 2025: launched the Securing Tomorrow Roadmap to modernize tools and more 

The NAIC helps state insurance departments with model laws, simple rules, and easy-to-use data tools. It also tracks new risks like cyberattacks and weather changes.  

They’ve also urged stronger oversight to protect consumers from potential harms when they highlighted AI challenges in health insurance. 

NAIC’s mandate 

The organization helps regulators oversee insurer finances, tracks risks, and makes sure that companies stay strong during market shifts. It builds standards that support state-level regulation without removing local authority. 

Some of its key official divisions include: 

• financial regulatory services division: offers support on solvency, accounting, reinsurance, investments, and financial analysis 
• legal division: advises regulators on compliance, accreditation, and development of model insurance laws 
• products and services division: manages tools like SERFF and supports compliance filings 
• securities valuation office (SVO): analyzes insurer investment risks and provides credit rating resources to regulators 

The NAIC is led by elected officers from state insurance departments, including a president and vice president. These roles rotate yearly, and most commissioners are appointed by governors or elected by voters. This structure keeps national coordination rooted in local regulation. 

Key responsibilities of NAIC 

While it doesn't directly regulate insurers, the organization plays an important role in supporting state-level oversight. Key responsibilities include: 

• developing model laws and regulations: creates standard rules states can adopt 
• licensing support: helps state license insurers and agents 
• market conduct oversight: reviews how insurers treat customers 
• financial solvency monitoring: tracks insurer finances and risks 
• consumer protection initiatives: provides tools to guide the public 
• data collection and analysis: gathers industry data for oversight 
• international coordination: aligns with global insurance regulators 
• training and education: builds regulator knowledge and skills 

Through these responsibilities, the NAIC helps state departments regulate the insurance market with greater confidence and shared insight. Its support allows each state to act faster, smarter, and more consistently. 

Recent initiatives and regulatory focus 

The NAIC is focusing on new areas that shape how insurance is managed across states. In 2025, it introduced the “Securing Tomorrow Roadmap” to guide long-term improvements in regulation and data tools.  

It also formed a new risk-based capital task force to update capital rules and address investment risks. Other recent initiatives include: 

• expanding its climate resilience work with new tools and disclosures 
• launching long-term care experience study with actuaries 
• upgrading the System for Electronic Rates and Forms Filing (SERFF) 
• expanding disaster data reporting requirements 
• increasing spending in the 2025 budget focused on tech and staffing 

The NAIC also backed the shutdown of the federal insurance office, calling it a duplicate of state roles. It argues that federal oversight could interfere with state regulation. These efforts show its push to modernize oversight while keeping state systems in control. 

Consumer protection and outreach 

The NAIC supports consumers by offering tools and programs that help them understand and manage insurance. It runs the Complaint Index, which lets people compare insurers based on complaint records. They also provide resources like the Life Insurance Policy Locator to help find unclaimed benefits.  

In 2024, the NAIC emphasized financial literacy by supporting insurance education in high schools. It also launched the Climate Risk Dashboard to inform the public about environmental risks. These efforts aim to close protection gaps and ensure consumers are well-informed.