The following statements are about the NAIC Financial Regulation Standards and Accreditation Program. Select the answer choice containing the correct statement. At the present time, only a few states have been accredited by the NAIC. A state receives accreditation by undergoing an on-site review conducted by the state's insurance regulators. When the NAIC establishes a new standard, accredited states are given two years in which to implement that standard to maintain their accreditation. To maintain its accreditation, a state must undergo a full recertification review every year