US: Any person, firm, or organization, or any of its members specifically designated by name as an insured(s) in an insurance policy, as distinguished from others that, although unnamed, fall within the policy definition of an “insured.”
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The insured listed in the policy, whether a person or entity. People not named in the policy may still be protected in certain circumstances. For example, if they are passengers in an insured car and are harmed in an accident, certain kinds of policies may cover them.
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The party or parties specifically named as insured in the insurance contract. Others may have claim on the coverage of a policy by way of internal provisions but any such right is by way of the agreement between the named insured and the insurance company.
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The person designated in the policy as the insured as opposed to someone who may have an interest in a policy but not be named. See Also: “Insured, named insured.”

US: A trade association of state insurance commissioners that issues model insurance acts that states can adopt. The NAIC accredits states that have enacted specific insurance legislation and demonstrate adequate regulatory oversight over the insurers they license.
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An association of insurance commissioners and superintendents formed to share information and develop common laws and procedures for insurance regulatory purposes.
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REINSURANCE: An association of the chief insurance regulatory officials of the 50 states, the District of Columbia, American Samoa, Guam, North Mariana Island, Puerto Rico and the Virgin Islands.
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Association of State Insurance Commissioners whose purpose is to promote uniformity of insurance regulation, monitor insurance solvency and develop model laws for passage by state legislatures.
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US: The association of insurance commissioners of various states formed to promote national uniformity in the regulation of insurance.

A federally funded program established in 1968 to make flood insurance available at a reasonable cost for properties located in participating communities. NFIP flood insurance is available only for direct damage to buildings and contents; there is no time element coverage.
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A federal program through which persons with property located in predefined flood plains can obtain flood coverage. See Flood insurance.