A document drafted by the NAIC reflecting the proposed solution to a given problem and provides a common basis to the states for drafting law that affects insurance industry is known as:

Model laws are NAIC-drafted documents providing states with uniform legislation for insurance regulation. States can adopt model laws as-is or modify them, creating consistency across state insurance laws. State statutes (B) are actual enacted laws. Common law (C) is court-made precedent. Insurance guidelines (D) are typically non-binding recommendations.