National Association of Insurance Commissioners

The NAIC was established in 1871. Located in Kansas City, New York, and Washington, D.C., NAIC addresses the needs of insurers and develops a uniformed system of management relating to these insurance companies. This provides an essential forum through which consumers are both protected and given comprehensive information and tips on their insurance needs.

It is comprised of insurance regulators from every state in the U.S. whose main mission is to protect consumers as regards insurance and consumer-protection areas.

In addition, the NAIC educates consumers about all types of insurance including auto insurance, life insurance and home insurance, as well as explaining Medicare supplement, long-term care insurance, cancer insurance, and annuities.

The NAIC’s Insure U functions as an educational program that helps consumers and small business owners learn fully about the ins and outs of insurance, as well as giving consumers the basis by which they can better determine their options.

Moreover, NAIC also has a section on their website where consumers can file a complaint. In addition, the Consumer Information Source enables anyone to check on an insurance company. The information given includes any complaints filed against the company, information on their license, and other important data.

This serves to help the consumer make a list of those companies they may wish to contact to compare and contrast insurance rates.

More importantly, NAIC also has a website feature where the consumer can obtain the most common complaints made on an insurance company by categories. These include reason for complaints, type of insurance, and how the complaints were resolved or the disposition. These complaints include such items as claim handling, underwriting, and service.

This information is provided by state insurance departments and is a vital resource in finding a suitable insurance company to meet your needs.

NAIC has become an invaluable resource for consumers who need the latest information on health and travel insurance, flood insurance, renters insurance rates, insurance companies, and tips to prevent insurance fraud. It is well worth book-marking for updates and future perusal.