1 minuteread by Gary Huddleston

Accreditation — process in which a state or other standard-setting regulatory organization determines whether an entity seeking to provide services subject to that organization’s authority meets acceptable standards for such purposes. For example, commercial insurers domiciled in a state that passes all the National Association of Insurance Commissioners (NAIC) model acts and otherwise passes muster will be acceptable security in other states.

1 minuteread by Gary Huddleston

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