What is the primary role of the National Association of Insurance Commissioners (NAIC)?

The primary role of the National Association of Insurance Commissioners (NAIC) is to standardize insurance regulation across states. This organization was established to facilitate communication and collaboration among state insurance regulators, ensuring that insurance practices are consistent and effective across the United States. By developing model laws and regulations, the NAIC helps states create frameworks that enhance consumer protection, promote fair competition, and improve the overall efficiency of the insurance market.

Standardization through the NAIC is critical for addressing issues that cross state lines, such as the sale of insurance products in multiple states or uniformity in regulatory practices to protect policyholders. This collective effort also aids in the dissemination of best practices among states, improving compliance and enforcement of insurance regulations.

The other options do not reflect the core mission of the NAIC, as they pertain to specific activities that fall outside the organization's primary focus on regulation and oversight of insurance markets.