The primary regulator of insurance firms is the

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State insurance regulators are responsible for regulating insurance firms within their state. They have the power to approve or disapprove insurance policies, investigate and enforce compliance with state insurance laws, and ensure that insurance companies maintain sufficient reserves to pay out claims. The NAIC (National Association of Insurance Commissioners) is a voluntary organization comprised of state insurance regulators, while the McCarran-Ferguson Commission is a federal agency that helps states regulate insurance. The FDIC (Federal Deposit Insurance Corporation) is responsible for regulating banks and other financial institutions, while the SEC (Securities and Exchange Commission) is responsible for regulating securities markets and investments.

The Primary Regulator of Insurance Firms Is the