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

The primary purpose of the National Association of Insurance Commissioners (NAIC) is to establish state insurance regulations and recommendations. This organization is composed of state insurance regulators from across the United States, and it plays a crucial role in fostering a collaborative approach to insurance regulation among the states. The NAIC develops model laws and guidelines that individual states can adopt to ensure consistency and effectiveness in regulatory practices.

This framework helps to protect consumers while maintaining a stable insurance market. The recommendations provided by the NAIC are critical in shaping state policies and addressing emerging issues in the insurance industry, such as technology and consumer protection.

While the other options refer to important aspects of insurance regulation and practice, they do not accurately capture the fundamental goal of the NAIC. The organization does not have the authority to enact federal laws, nor does it engage in selling insurance products or training licensed individuals directly. Its focus remains on the regulatory landscape at the state level, making option B the most appropriate choice.