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Providing licensing, regulation, examination, and investigation of insurance companies, agencies and agents; Regulating securities, brokers, investment advisers and registering franchises and trademarks; Regulating Virginia's investor-owned electric, natural gas, water and sewer utilities, and member-owned electric cooperatives;
The IIABA has spent more than $1 million in 2010 in lobbying efforts on federal crop insurance, insurance licensing reform, and other insurance issues. [2]The IIABA supported the National Association of Registered Agents and Brokers Reform Act of 2013 (H.R. 1155; 113th Congress), a bill which would reduce the regulatory costs of complying with multiple states' requirements for insurance ...
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 ...
My insurance company had conducted an audit of policies where drivers were receiving a low mileage discount and increased my annual mileage from where it was to 12,000 yearly.
If you are unable to do so, you may receive a penalty for driving without insurance in Virginia. The average cost of car insurance in Virginia is $657 annually for minimum liability coverage and ...
An insurance commissioner (or commissioner of insurance) is a public official in the executive branch of a state or territory in the United States who, along with their office, regulate the insurance industry. The powers granted to the office of an insurance commissioner differ in each state.
If you choose to purchase a car insurance policy instead, it must comply with Virginia auto insurance requirements. For policies effective January 1, 2022 to December 31, 2024, drivers must carry ...
Often, independent insurance agents will work with insurance intermediaries, who obtain quotes from multiple insurance providers and pass them off to the independent agent. Working with an insurance intermediary service allows the independent agent to review many quotes and offer their clients the best policy options available.