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NATIONAL ASSOCIATION OF INSURANCE COMMISSIONERS AUTOMATED VALUATION SERVICE PLUS (AVS+) LICENSE AGREEMENT FOR INSURERS THIS IS A LEGAL AGREEMENT BETWEEN YOU (LICENSEE) AND THE NATIONAL ASSOCIATION
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The National Association of Insurance Commissioners (NAIC) is an organization that provides a framework for the regulation of insurance companies in the United States, promoting uniformity in insurance regulation and protecting policyholders.
Insurance companies and their affiliates that operate in states under the jurisdiction of the NAIC are generally required to file reports and documentation as specified by the organization.
To fill out the forms required by the NAIC, insurers must follow the guidelines provided in the official instructions, ensuring all relevant data is accurately reported, including financial statements and compliance information.
The purpose of the NAIC is to facilitate the regulation of the insurance industry, promote consumer protection, and provide standardization of reporting and compliance among state insurance regulators.
Insurers are typically required to report financial performance data, reserve amounts, premiums written, policyholder information, and other compliance-related data as specified by the NAIC.
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