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The insurance industry has some federal regulations, but the federal govenment cedes most control to the state insurance commissions, each state has one and they regulate a companies and agents in that state and all companies and agents who do business in that state. These commissions are who you would report it to if you suspected a company of illegal actions.
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∙ 2007-11-14 22:33:21
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Is insurance considered a federally regulated industry?
no
Which executive agency regulates the insurance industry?
Insurance, for the most part, is regulated by the states, and most states have a "Department of Insurance"
What is the most Regulated Industry in the US?
The most regulated Industry in the United States is Aviation.
Do you file an insurance complaint with the ftc or insurance commission?
The insurance industry is the largest non-federally regulated industry in the US. Since the Federal Government does not regulate it, filing a complaint with the FTC would do you no good. Any complaint should be filed with your State Insurance Commissioner's office.
What are regulated industries?
is post office a regulated industry
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.
Who writes the laws regulating the insurance industry within a state?
Insurance laws are written by the state legislature and are state regulated according to the McCarran-Ferguson Act of 1945.
Is online life insurance safe?
Yes going with an online insurance company is perfectly safe. As long as they are regulated by the industry body, you know they are kosher and on the up and up.
Is it true that health insurance is federally regulated industry?
Yes and no. Traditionally health insurance is regulated at the state level. The recent healthcare legislation is adding federal regulations. Additionally, there are some federal regulations that have been around for a while like Cobra and HIPPA.
Who is the credit industry regulated by?
state
What was the first industry to be regulated by the government?
In the United States, the first industry to be regulated by the government was the railroad industry. This was done through the Interstate Commerce Act of 1887.
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.
