The National Association of Insurance Commissioners (NAIC) is a collective organization of state insurance regulators in the United States. Established in 1871, its primary purpose is to coordinate regulatory standards and practices among the states to ensure fair and effective insurance regulation. The NAIC develops model laws and regulations that states can adopt to promote consistency and protect consumers. The NAIC also provides a platform for sharing information and best practices among state regulators. It plays a crucial role in monitoring the financial health of insurance companies and ensuring they meet solvency standards, thereby safeguarding policyholders and maintaining public trust in the insurance industry.