What does the NAIC stand for?

National Association of Insurance Commissioners

Moreover, what is a NAIC code?

The North American Industry Classification System (NAICS) is the standard used by Federal statistical agencies in classifying business establishments for the purpose of collecting, analyzing, and publishing statistical data related to the U.S. business economy.

What is the NAIC and what is its purpose?

The overall purpose of the NAIC is to assist state regulators in the performance of their regulatory oversight function with regard to the insurance industry.

What is NAIC?

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.