national association of insurance commissioners (naic)

  • An association of state insurance commissioners for the purpose of exchange of information and development of uniformity of regulatory practices among the several states through drafting model legislation and regulations. The NAIC has no official power to enforce compliance with any of it recommendations.

    Internal Revenue Service 1

1Internal Revenue Service, Internal Revenue Manual 4.42.6 Glossary, http://­­irm/­part4/­irm_04-042-006.html (last accessed Dec. 22, 2009).