why was the national association of insurance commissioner
created?
1. To suggest laws that would prevent insurance corporation from becoming too big to fail.
2. To suggest laws that would decentralize the insurance industry.
3.to suggest laws that would decrease the complexity of insurance regulation.
4. To suggest laws that would strengthen the insurance industry.
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Answer:
State insurance regulators created the NAIC in 1871 to address the need to coordinate regulation of multistate insurers. The first major step in that process was the development of uniform financial reporting by insurance companies.
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