What is the primary role of the National Association of Insurance Commissioners (NAIC)?

The primary role of the National Association of Insurance Commissioners (NAIC) is to provide regulatory support and develop uniform policies for the insurance industry. The NAIC is an organization composed of state insurance regulators that work together to establish best practices and create standards for various aspects of insurance regulation. This collaborative effort aims to promote consistency across state lines, ensuring that insurance products comply with established laws and regulations.

By developing model laws and regulations, the NAIC helps maintain the integrity and stability of the insurance market, which ultimately benefits consumers by ensuring they have access to reliable insurance products. The NAIC also serves as a resource for state regulators, providing them with information and guidance on emerging issues in the industry. Through its initiatives, the organization aims to enhance consumer protection and support the effective functioning of the insurance marketplace.

The other options do not accurately reflect the NAIC's role: it does not sell insurance products, evaluate insurance claims, or set premiums for companies. Instead, it focuses on the regulatory aspects to support the insurance industry as a whole.