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NAIC staff supports these efforts and represents the collective views of state regulators domestically and internationally. NAIC members, together with the central resources of the NAIC, form the national system of state-based insurance regulation in the U.S. The NAIC is an Internal Revenue Code Section 501(c)(3) non-profit organization.
Between 1870 and 1872, 33 US life insurance companies failed, in part fueled by bad practices and incidents such as the Great Chicago Fire of 1871. 3,800 property-liability and 2,270 life insurance companies were operating in the United States by 1989.
NAICS Desk Reference: The North American Industry Classification Systems Desk Reference. Indianapolis: JISTWork, Inc. 2000. ISBN 1-56370-694-6. Vogel, Scott M. (2001). Harris' Complete Guide to NAICS: Your Ultimate Reference to NAICS, SIC & ISIC Codes. Twinsburg, Ohio: Harris InfoSource. ISBN 1-55600-922-4.
The Model Audit Rule is co-developed by the American Institute of Certified Public Accountants (“AICPA”) and National Association of Insurance Commissioners (“NAIC”) and issued by NAIC [2] with revisions in 2006 and has taken effect in 2010. [3]
NAMIC is the largest property/casualty trade association in the U.S, with nearly 1,300 regional and local mutual insurance member companies serving more than 135 million auto, home, and business policyholders and writing in excess of $196 billion in annual premiums.
The Insurance Regulatory Information System (IRIS) is a database of insurance companies in the United States run by the National Association of Insurance Commissioners. IRIS is designed to provide information about insurers' financial solvency .
The National Council on Compensation Insurance (NCCI) is a U.S. insurance rating and data collection bureau specializing in workers' compensation. Operating with a not-for-profit philosophy and owned by its member insurers, NCCI annually collects data covering more than four million workers compensation claims and two million policies. The ...
CNO Financial was incorporated in 1979 as Security National of Indiana Corp. by Stephen Hilbert. [6] SNI bought Consolidated National Life Insurance Co. in 1983. It began insurance operations in 1982 and became a public company in 1985. [citation needed] In 1986 Conseco acquired Lincoln Income Life Insurance Company at