Office address: 1100 Walnut Street, Suite 1000, Kansas City, MO 64106
Website: naic.org
Year established: 1871
Company type: non-government organization
Employees: 576 (including 2026 fiscal requests)
Expertise: insurance regulation support, consumer protection, data collection and analysis, financial assessments, licensing and testing, technology solutions for regulators, standards setting, peer review coordination, business intelligence, regulatory oversight coordination
Parent company: N/A
Key people: Scott White (president), Elizabeth Dwyer (president-elect), Jon Pike (VP), Michael Wise (secretary-treasurer), Jeffrey Johnston (interim CEO), Doug Ommen and Grace Arnold (committee chairs)
Financing status: member-funded nonprofit organization
The National Association of Insurance Commissioners is a US standard-setting body that supports state insurance regulators. It delivers data reporting, technology solutions, and consumer protection services from its Kansas City headquarters. The organization operates with 576 employees and a 2026 budget of $178.8 million.
The NAIC held its first meeting in 1871 in New York City. This happened just a few years after the US Civil War came to an end, and regulators from across the nation arrived by train and stagecoach to attend. That's how old this institution is! They gathered as the National Convention of Insurance Commissioners to address issues in the growing industry.
The Great Depression called for stronger oversight, so the organization became the National Association of Insurance Commissioners in 1936. The group then set formal rules for multi-state financial examinations across the country. It also backed the McCarran-Ferguson Act in 1945, which affirmed state-based insurance regulation.
The National Association of Insurance Commissioners has come far since 1871, marking its 150th anniversary in 2021. Along the way, its Life Insurance Policy Locator has connected beneficiaries with over $1 billion in unclaimed benefits.
The NAIC rolled out its Securing Tomorrow Roadmap in 2025 to upgrade tools for state regulators. Behind these efforts sits the world's largest collection of insurer financial data.
The NAIC provides technology and data tools built to support state-based insurance regulation:
The National Association of Insurance Commissioners also offers consumer education resources and fraud reporting tools. Its peer review process helps maintain consistent oversight across all 56 US jurisdictions.
The National Association of Insurance Commissioners states that service is at the core of its identity. Its shared principles include:
The NAIC builds its culture on collaboration and mutual respect. This commitment extends to staff benefits:
In terms of transparency, it brings this openness to the public as well. The organization follows the federal Transparency in Coverage Rule and offers machine-readable files on service rates for researchers and regulators.
Scott White is the NAIC president and serves as commissioner of the Virginia Bureau of Insurance. He took on the Virginia role in 2018 and was elected VP in 2023. White earned degrees from the University of Virginia and the University of Missouri School of Law.
Several other officials work alongside White to guide the National Association of Insurance Commissioners:
Together, these leaders at the National Association of Insurance Commissioners help state regulators protect consumers. Their focus is on keeping US insurance markets fair, stable, and competitive.
After Nevada joined in 2024, the push for best interest annuity standards continued across the country. The NAIC model rule requires financial professionals to prioritize consumers' needs when recommending annuities. New Jersey became the 50th state to adopt the rule in April 2025. All 50 states now follow this standard to protect retirement savers.
Looking ahead, the National Association of Insurance Commissioners named its 2026 committee leaders in January to advance work on key regulatory issues. The committees cover life insurance, health insurance, cybersecurity, and market regulation. These roles will help the organization address new challenges and strengthen protections for consumers.
Bruce Kelly analyzes new 'bad broker' report and concludes that the states' insurance commissioners need a better brand of bug spray.
Industry groups ACLI and NAIFA hail milestone as backing for the model rule spreads to 48 states.
Industry groups hail the move in the Pelican State as another win for consumers in need of lifetime income.
Associations for life insurers and financial advisors laud the move, renews call for “sensible protections” around guaranteed lifetime income products.
The new fiduciary rule will pull a lot of brokers under the Employee Retirement Income Security Act, and harkens back to the levelized compensation from the 2016 rule.
Lawsuit filed in Texas federal court argues that the agency “has exceeded its authority,” acting inconsistently with ERISA’s intent.
The partnership will unlock educational resources, analytics, and tools to help advisors manage annuity sales on Pershing’s platform.
Gov. Newsom’s signing of SB 263 makes California the 44th state to adopt the NAIC's controversial model for annuity transactions.
Democrats at a House hearing say the retirement rule will ensure workers, retirees and retirement plan sponsors receive advice that is in their best interest.
Battle lines drawn again as trade associations call on DOL to withdraw proposal, while proponents say measure fills a regulatory gap.
'It’s crystal clear for the prospective client that the insurance producer is selling,' says an insurance industry representative.
On day one of public hearing, critics argue potential new measure will alienate some clients and is 'overbroad, unnecessary and inconsistent.'
Once again, annuities are at the heart of a debate over retirement savings and investor protection. The DOL says state oversight of sales of the products isn’t strong enough.
Even before seeing the text, the insurance industry says the measure to raise advice standard for retirement accounts will hurt middle- and low-income savers.
While the SEC is working to put teeth into Regulation Best Interest, questions remain about how it’s working in practice.
