Which organization provides standardized insurance policy forms?

The organization that provides standardized insurance policy forms is the Insurance Services Office (ISO). ISO plays a crucial role in the insurance industry by developing and maintaining forms and endorsements that are widely used in various types of insurance policies. By providing a consistent framework for coverage definitions and policy terms, ISO helps insurers streamline their operations and ensure uniformity in the marketplace. This standardization is beneficial for both insurers and policyholders, as it helps facilitate clarity and transparency in insurance contracts.

Other options include organizations that have different focuses or roles within the insurance landscape. The National Association of Insurance Commissioners (NAIC) primarily deals with regulatory standards and frameworks for the insurance industry, while A.M. Best focuses on financial ratings and analysis of insurance companies, assessing their solvency and overall financial strength. The National Institutes of Health (NIH) is unrelated to insurance, as it is a part of the U.S. Department of Health and Human Services and focuses on medical research.