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The Commissioner of the OFIR, Kevin Clinton, was selected to be the first department director. The Governor formed the department in hopes of better regulations thus drawing more insurance and banking companies to the state thus leading to more jobs. [4] In May 2013, the DIFS ordered two unlicensed pay day loan operators to stop activities in ...
The 1963 Constitution requires that all permanent agencies or commissions, except universities, be assigned to one of a maximum of twenty principal departments. [1] The principal departments are the: [2] [3]
The majority of insurance companies will not disclose information or discuss an insured party's account with an agent other than the agent of record. An insured party wishing to change insurance agent (s) must submit a revised agent of record letter [ 1 ] to the respective insurer authorizing said insurer to release the insured party's ...
The Model Audit Rule 205, Model Audit Rule, or MAR 205 are the commonly applied terms for the Annual Financial Reporting Model Regulation. [1] Model Audit Rule is a financial reporting regulation applicable to insurance companies, and borrows significantly from the Sarbanes Oxley Act of 2002 (see ‘key sections’ below).
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The county commissioners confronted the sheriff in a public meeting about transparency after his office’s insurance company dropped him as a client. Commissioners tell NC sheriff to be ...
The powers granted to the office of an insurance commissioner differ in each state. 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 ...
North Carolinians deserve an Insurance Commissioner who remembers why we elect someone to do this important job on the Council of State. More: Asheville, Buncombe, other house owners should pay 21 ...