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It depends on your definition of 'over regulated' and upon the regulations of the country in question.
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∙ 12y ago
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Is lic regulated by irda?
Yes. All Insurance companies in India including LIC are regulated by IRDA
What government agency oversees auto insurance companies?
No federal government agency oversees the auto insurance industry. The auto insurance companies are regulated on a state-to-state basis and would be listed as an Insurance Bureau or Department of Insurance.
Are the rates regulated by the insurance commissioner for admitted insurance companies?
Yea, all admitted insurance companies are to follow the guidelines of the insurance regular of the respective country. they can not raise the premia rates whimsically and any enhancement of rates are to be accepted and confirmed by them before their implementation.
Who monitors pet insurance agencies?
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How do you start a dental insurance company?
Insurance companies are regulated by the state and federal government. To sell insurance you have to pass a test. Much of the insurance companies today are folded into the banking system and owned by banks. This is not a bad idea, but something that is not possible to do the way it is set up now.
Who cannot file for a Chapter 11 bankruptcy?
It does not apply to companies that are regulated by other statutes, such as banks, savings and loan associations, unions, insurance companies, and brokerage firms.
How long does a car accident stay on your insurance record in Michigan?
Such records are not consideered to be "public records" and are not regulated by statute law, so it is entirely up to the insurance companies involved.
What companies provide travel insurance for people over 75 years of age?
Some companies that provide travel insurance for people over 75 years old are Good to Go Insurance, Columbus Travel Insurance and Insure for All Insurance. You can also contact your travel agent or health insurance company for other travel insurance companies
What life insurance companies offer policies for individuals over the age of 60?
Some life insurance companies that offer policies for individuals over 60 include AIG, Mutual of Omaha, and New York Life. It's important to compare quotes and policy options to find the best coverage to meet your needs.
Why are utilities regulated?
They are regulated because the government wants to know what these companies are doing and there are no competing companies for electric services.
Who regulates car insurance in Canada?
Car insurance in Canada is regulated by the IBC, also known as Insurance Bureau of Canada. The IBC governs over the laws and limitations of insurance contracts and related aspects.
What does State of Texas law say regarding suicide and life insurance?
Suicide and life insurance isn't regulated by state law, it is regulated by the insurance company and outlined in the insurance papers.
