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Insurance regulatory law is the body of statutory law, administrative regulations and jurisprudence that governs and regulates the insurance industry and those engaged in the business of insurance. Insurance regulatory law is primarily enforced through regulations, rules and directives by state insurance departments as authorized and directed ...
Any refusal of any insurance company, by its officers, directors, employees or agents, to submit to examination or to comply with any reasonable written request of the examiners shall be grounds for suspension or refusal of nonrenewal of any license or authority held by the insurance company, subject to the Commissioner's jurisdiction.
An insurance commissioner (or commissioner of insurance) is a public official in the executive branch of a state or territory in the United States who, along with their office, regulate the insurance industry. The powers granted to the office of an insurance commissioner differ in each state.
In this list of financial regulatory and supervisory authorities, central banks are only listed where they act as direct supervisors of individual financial firms, and competition authorities and takeover panels are not listed unless they are set up exclusively for financial services.
The chief compliance officer oversees the development and implementation of procedures that facilitate compliance and works with other executives to ensure compliance throughout all departments within an organization and responsible for ensuring that the organization has the necessary resources to research and track external laws, regulations ...
The Florida Office of Insurance Regulation (FOIR) is responsible for all activities concerning insurers and other risk bearing entities, including licensing, rates, policy forms, market conduct, claims, issuance of certificates of authority, solvency, viatical settlements, premium financing, and administrative supervision, as provided under the ...
Circuit Judge Ronald Johnson sentenced a Honolulu police officer today to 100 hours of community service and a deferral of his no contest plea for committing insurance fraud, a Class C felony.
The OIC is responsible for the issue of operating licenses for insurance companies and operational adherence to regulations through market supervision. Ensuring insurers adhere to capital adequacy requirements is an important aspect of the ongoing market supervision role of the OIC.
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