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The office of the insurance commissioner may be part of a larger regulatory agency, or an autonomous department. Insurance law and regulation is established individually by each state. In order to better coordinate insurance regulation among the states and territories, insurance commissioners are members of the National Association of Insurance ...
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.
California's insurance commissioner on Friday turned down a request by State Farm General for an emergency 22% hike of its home insurance rates due to the Los Angeles wildfires, saying the company ...
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 ...
Yes, simply put, you are breaking the law if you get behind the wheel in the Bluegrass State without a viable car insurance policy. Kentucky’s average insurance rates are slightly above the ...
In the department’s legal complaint, Insurance Commissioner Ricardo Lara alleges Mercury steered motorists with good driving records into the company’s highest-priced policies, rather than low ...
In 1988, ballot initiative Proposition 106, mandating that state employees speak only English on the job passed with 50.5% of the vote. [2] [3] Arizona insurance claims manager Maria-Kelly Yniguez sued to overturn this law because she was concerned that she would be fired for speaking Spanish to claimants.
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