What is the NAICs role in the Compact?
Shortly after the Compact model was adopted, the NAIC formed several working groups to begin the drafting process for uniform product standards, bylaws, rules and operating procedures. The NAIC realizes it will take the IIPRC a short period to become operational to the point it is generating its own revenues. It has pledged to support the IIPRC through this period. The NAIC also is a useful resource for states interested in getting the Compact legislation adopted.
