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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.
The NAIC internal designation for the Annual Financial Reporting Model Regulation is MDL 205, where MDL stands for Model, and the number of the model rule is 205. [4] Because the regulation was issued by NAIC, which is not a federal agency with direct regulatory power, its adoption is on a state-by-state basis.
Following these reports in the late 1980s, the NAIC, faced with the threat of a federal regulatory system replacing the state system of regulation, announced its adoption of uniform financial regulatory standards to meet the need for a stronger regulatory system.
NAIC’s complaint index shows the number of complaints lodged against a company, broken down by product line. With a benchmark index of 1.0, anything above that indicates a higher number of ...
SLIMPACT would have established a commission that has the power, among other things, to adopt mandatory rules and operating procedures that are binding on the compacting states, such as rules regarding uniform eligibility requirements for foreign insurers to be able to place nonadmitted insurance in a state (i.e., minimum capital and surplus ...
There may also be legal fees to consider. “Since adoption is a legal exchange, families may want to consider engaging an attorney, even if one is not required, to assure that all aspects of the ...
More recently, the clearinghouses and now Information Gateway have increasingly used electronic databases and the Internet to provide services, including access to electronic copies of publications; searchable databases of state statutes, foster care organizations, and adoption resources; and interactive online learning tools.
A “rehoming fee” can be interchangeable with an “adoption fee” and is the fees you pay when you are adopting a pet. Individuals who want to find homes for animals tend to use the phrase ...