The National Association of Insurance Commissioners*
Association of Insurance Commissioners (NAIC) 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
insurance regulatory policy, when uniformity is appropriate.
State insurance regulators created the NAIC in 1871 to address the need to
coordinate regulation of multi-state insurers. 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.
The mission of the NAIC is to assist state insurance regulators, individually
and collectively, in serving the public interest and achieving insurance
regulatory goals in a responsive, efficient and cost effective manner,
consistent with the wishes of its members.
Florida and the NAIC
Florida has exercised leadership within the NAIC by serving as members, Chair
or Vice Chair of
significant standing committees and continues to be actively involved in
several key committees of the NAIC. At the Winter National Meeting in December
2008, Commissioner McCarty was elected by his peers to become the NAIC's
secretary-treasurer. In December 2009, McCarty was elected vice president. In
October 2010, the Commissioner was elected to be President-Elect of the NAIC,
and served in that role through December 2011. Commissioner McCarty served as
the President of the NAIC in 2012 and will now serve in the capacity of
Immediate Past President for 2013.
NAIC News Releases
and Consumer Alerts
*The state of Florida is part of the U.S. insurance regulatory
framework, which is a highly coordinated national state-based system designed to
protect policyholders and to serve the greater public interest through the
effective regulation of the U.S. insurance marketplace. Through the National
Association of Insurance Commissioners (NAIC), U.S. insurance regulators
establish national standards and best practices conduct peer reviews and
coordinate their regulatory oversight to better protect the interests of
consumers while ensuring a strong, viable insurance marketplace. U.S. insurance
regulators also participate in the International Association of Insurance
Supervisors (IAIS) along with the NAIC by participating in all its major
standard setting initiatives, including working with fellow regulators from
around the world to better supervise cross-border insurers and developing
international best practices.