What is the main goal of the NAIC?

The primary goal of the National Association of Insurance Commissioners (NAIC) is to promote state uniformity in insurance regulation. This organization was formed to create a framework that allows for consistent and effective regulation of the insurance industry across different states. Since insurance regulation is primarily a state responsibility in the United States, the NAIC works to ensure that regulations are compatible and that states can share resources and information effectively. By fostering this uniformity, the NAIC aims to protect consumers, ensure the financial stability of insurance companies, and maintain fair competition in the market.

Other options may involve important aspects of insurance, but they do not reflect the NAIC's overarching mission. The NAIC does not have the authority to enact federal laws, as its focus is on state-level regulation. While it does concern itself with the financial status of insurance companies and provides guidance on sound practices, its main goal remains the promotion of uniformity and cooperation in the insurance regulatory process across states.