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National Association of Insurance Commissioners (NAIC) and state-level insurance supervisors; Uruguay: Central Bank of Uruguay ; Superintendencia de Servicios Financieros (SSF) Uzbekistan: Ministry of Economy and Finance of the Republic of Uzbekistan: Vanuatu: Reserve Bank of Vanuatu: Vatican City: Supervisory and Financial Information ...
EIOPA has legal personality and acts within the powers conferred by the EIOPA Regulation. [5]EIOPA acts in the field of activities of insurance undertakings, reinsurance undertakings, financial conglomerates, institutions for occupational retirement provision and insurance intermediaries, in relation to issues not directly covered in the acts referred to in the EIOPA Regulation Article 1.2 ...
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 Swiss Financial Market Supervisory Authority (FINMA) [a] is the Swiss government body responsible for financial regulation.This includes the supervision of banks, insurance companies, stock exchanges and securities dealers, as well as other financial intermediaries in Switzerland. [2]
The China Insurance Regulatory Commission (CIRC) was an agency of China authorized by the State Council to regulate the Chinese insurance products and services market and maintain legal and stable operations of insurance industry. It was founded on November 18, 1998, upgraded from a semi-ministerial to a ministerial institution in 2003, and ...
Regulating Insurance Services: The IFSCA regulates insurance services in IFSCs and has the power to issue regulations, guidelines, and directions for entities operating in these services. [ 15 ] Monitoring and surveillance: The IFSCA is responsible for monitoring and conducting surveillance of the financial services and products offered in the ...
NAIC members, together with the central resources of the NAIC, form the national system of state-based insurance regulation in the U.S. The NAIC is an Internal Revenue Code Section 501(c)(3) non-profit organization. The NAIC acts as a forum for the creation of model laws and regulations.
Adjudicating disputes between insurers and intermediaries or insurance intermediaries; Supervising the Tariff Advisory Committee; Specifying the percentage of premium income to finance schemes for promoting and regulating professional organisations; Specifying the percentage of life- and general insurance business undertaken in the rural or ...