All regulation of insurance companies is performed by

Question

Quizplus · Accepted Answer

Insurance regulation is primarily performed by state agencies, as insurance is governed by state laws rather than federal laws. While federal agencies may have some oversight in certain areas (such as health insurance under the Affordable Care Act), state agencies are generally responsible for regulating insurance companies within their respective states. The National Association of Insurance Commissioners is a professional organization that provides guidance and support to state insurance regulators but does not have regulatory authority. The Insurance Regulatory Information System is a database used by state insurance regulators to collect and analyze insurance industry data but is not involved in regulation.

All Regulation of Insurance Companies Is Performed by