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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.
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 ...
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The state’s insurance commissioner also used to hold the role of state fire marshal, but that was changed by lawmakers last year — a move current commissioner Causey strongly opposed.
After a filings moratorium lifted on homeowners’ insurance in January, the N.C. Rate Bureau, which represents companies that write insurance policies, asked for a 42.2% average increase across ...
New York Life Insurance Company v. Viglas: 297 U.S. 672 (1936) Cardozo 9-0 none none certiorari to the United States Court of Appeals for the First Circuit (1st Cir.) judgment reversed Norfolk and Western Railroad Company v. North Carolina ex rel. Maxwell, Commissioner of Revenue: 297 U.S. 682 (1936) Cardozo 9-0 none none
North Carolinians deserve an Insurance Commissioner who remembers why we elect someone to do this important job on the Council of State. More: Asheville, Buncombe, other house owners should pay 21 ...