Long Term Care Certification Practice Test

What is NOT part of the mission of the NAIC?

1. Write and enact legislation

2. Support state regulation of insurance

3. Provide a forum for regulators to discuss and coordinate actions

4. Promote public confidence in insurance

The correct answer is: Write and enact legislation

The mission of the National Association of Insurance Commissioners (NAIC) primarily revolves around fostering a collaborative regulatory environment among state insurance regulators. The correct answer indicates that writing and enacting legislation is not part of the NAIC's mission. Instead, the NAIC serves as an organization that creates model laws and regulations, but actual legislative actions are the responsibility of the individual states. The organization focuses on supporting state regulations of insurance, providing a platform for regulators to engage in discussions and coordinate their efforts, and enhancing public confidence in the insurance market. These roles reflect their commitment to improve regulatory practices and ensure the stability and integrity of the insurance sector without directly engaging in the legislative process. By understanding these aspects of the NAIC's mission, one can grasp the regulatory framework within which it operates and the distinction between advocacy and direct legislation.