Through the NAIC, state insurance regulators establish standards and best practices, conduct peer review, and coordinate their regulatory oversight.

NAIC staff supports these efforts and represents the collective views of state regulators domestically and internationally.

The NAIC also acts at the national level to advance laws and policies supported by state insurance regulators.

SAP is often contrasted with Generally Accepted Accounting Principles (GAAP) and is notable for its very conservative valuation methods.

During the meeting, committees, task forces, and working groups gather to discuss and review drafts of new and revised model laws, guidelines, and white papers.

The Proceedings serve as the permanent record of all NAIC actions, including model laws and regulations, as well as committee and task force minutes and reports.