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The first state commissioner of insurance was appointed in New Hampshire in 1851 and the state-based insurance regulatory system grew as quickly as the insurance industry itself. [4] Prior to this period, insurance was primarily regulated by corporate charter, state statutory law and de facto regulation by the courts in judicial decisions.
Two new statutes, the Consumer Insurance (Disclosure and Representations) Act 2012 (“CIDRA”) and the Insurance Act 2015 have addressed insurance in general, and have amended the law in several ways. Part 5 of the Insurance Act 2015 addresses "Good faith" as follows: Section 14 provides that "any rule of law permitting a party to a contract ...
The Insurance Act 2015 (c. 4) is a United Kingdom act of Parliament which makes significant reforms to insurance law. [1] It came into effect on 12 August 2016, [ 2 ] and follows on from the Consumer Insurance (Disclosure and Representations) Act 2012 ("CIDRA").
South-Eastern Underwriters Association that the federal government could regulate insurance companies under the authority of the Commerce Clause in the U.S. Constitution and that the federal antitrust laws applied to the insurance industry. The Act was sponsored by Senators Pat McCarran (D-Nev.) and Homer Ferguson (R-Mich.
The Consumer Insurance (Disclosure and Representations) Act 2012 (c.6) [1] is a UK Act of Parliament that makes important reforms to insurance law. The Act was a consequence of the Law Commission 's millennium review of the law of insurance that has been ongoing since 2006.
In California, minimum coverage car insurance requirements are 30/60/15 effective Jan. 1, 2025. Utah minimum coverage limits will increase to 30/60/25. Virginia limits will be 50/100/25.
Uninsured and underinsured motorist insurance: If you are involved in an accident caused by a driver who does not have insurance or enough insurance to cover the losses, these coverage types could ...
The Motor Vehicles (Amendment) Act, 2015 44 2015 5 The Insurance Laws (Amendment) Act, 2015 45 2015 10 The Mines and Minerals (Development and Regulation) Amendment Act, 2015 46 2015 12 The Andhra Pradesh Reorganisation (Amendment) Act, 2015 47 2015 14 The Regional Rural Banks (Amendment) Act, 2015 48 2015 16 The Warehousing Corporations ...