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The NAIC is not a regulator; while its members are the insurance commissioners (i.e., the chief insurance regulators) of each U.S. state and six territories, [1] the NAIC is a non-governmental organization that concerns itself with insurance regulatory matters but does not actually regulate. The states have not delegated their regulatory ...
Its budget is primarily derived from funds generated by license fees, assessments, and Proposition 103 recoupment fees. The CDI licenses over 1,500 insurance companies and more than 320,000 insurance agents and insurance brokers in the state of California, United States. The current California Insurance Commissioner is Ricardo Lara.
The California insurance commissioner has been an elected executive office position in California since 1991. Prior to that time, the insurance commissioner was appointed by the governor. The officeholder is in charge of the California Department of Insurance. The current insurance commissioner is Democrat Ricardo Lara.
The office of an insurance commissioner is established either by the state constitution or by statute. While most insurance commissioners are appointed, in some jurisdictions they are elected. [ 1 ] The office of the insurance commissioner may be part of a larger regulatory agency, or an autonomous department.
The state’s insurance commissioner also used to hold the role of state fire marshal, but that was changed by lawmakers last year — a move current commissioner Causey strongly opposed.
Combined Insurance is a global provider of supplemental insurance, including accident insurance, life insurance and critical care coverage. Combined Insurance operates in North America, Latin America, Europe and the Pacific.
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The Kansas Insurance Department was established by the Kansas Legislature in 1871. It has four major regulatory functions: Regulate and Review Companies: Sixty-five companies are headquartered in Kansas, plus 1,592 other companies sell policies in Kansas.