What is a main emphasis of the NAIC Accreditation Program?

The main emphasis of the NAIC Accreditation Program is to standardize solvency regulation across accredited states. This program is designed to ensure that states are maintaining effective regulatory practices that protect policyholders and promote stability in the insurance market. By establishing standards for solvency regulation, the NAIC aims to create a consistent framework that can be applied across various jurisdictions.

This standardization helps ensure that all accredited states have robust mechanisms in place to assess and monitor the financial health of insurers, which is crucial for preventing insurance company failures that could impact policyholders. It also facilitates cooperation and information sharing among states, fostering a more integrated regulatory environment.

The other options either suggest an increase in administrative burdens, which is contrary to the intent of improving efficiency through standardization, or imply a focus on competition or limiting accredited states, which do not align with the primary goal of ensuring solvency and protecting consumers.