Q: What is the NAIC? Trade Group, Standard-Setter or Something Else?

  • 2011 1219 - ThinkAdvisor - Is the NAIC a Trade Group or Official Standard-Setter?, By Elizabeth Festa & Arthur D. Postal - [link]
    • The National Association of Insurance Commissioners Tuesday plans to announce an initiative to brand itself as a “standard-setting organization” rather than a trade group–a designation other industry officials say the trade group does not have the legal authority to assume.
  • 2008-3, NAIC Proceedings - 2008 0922 - NAIC/Consumer Liaison Committee
    • 3. Transparency and Public Accountability
    • Birny Birnbaum - said the NAIC acts like a public entity when it goes before Congress and when it signs international agreements with foreign regulators, but when it comes to accountability to the public, Mr. Birnbaum said the NAIC is a trade association from Delaware.
    • Mr. Bridgeland said he was disappointed that he had to spend so much time over the years at the NAIC pushing for an open records policy for basic public records.