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Insurance regulatory law is the body of statutory law, administrative regulations and jurisprudence that governs and regulates the insurance industry and those engaged in the business of insurance. Insurance regulatory law is primarily enforced through regulations, rules and directives by state insurance departments as authorized and directed ...
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 ...
CLAIM is Missouri's State Health Insurance Assistance Program (SHIP). Every U.S. state or territory has a SHIP program, though most are run directly by state agencies. Primaris acquired the CLAIM program due to a hiring freeze affecting Missouri state agencies when the program was created.
In 1850, New Hampshire was the first state to appoint an insurance commissioner. In 1852, Massachusetts appointed a commission, and California, Connecticut, Indiana, Missouri, New York, and Vermont established a separate insurance department or vested the power to regulate insurance in an existing agency.
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 Department of Health and Senior Services is responsible for managing and promoting all public health programs to improve life and wellness for Missourians. [1] They are responsible for maintaining programs to control and prevent disease; regulation and licensure of health and child care facilities; and programs designed to create safeguards and health resources for seniors and the state's ...
These state agencies are typically called the Department of Insurance, or some similar name, and the head official is the Insurance Commissioner, or a similar titled officer. [10] The agency then creates a group of administrative regulations to govern insurance companies that are domiciled in, or do business in the state.
The Missouri Employers Mutual Insurance Company was created in 1993 "as an independent public corporation for the purpose of insuring Missouri employers against liability for workers' compensation, occupational disease and employers' liability coverage." [2] In 2012 a bill was filed over MEM's tax exempt status as a state sponsored entity. [3]