Insurance
State regulation plays a vital role in making the U.S. financial markets the strongest and most dynamic in the world. The state-federal relationship differs among financial sectors. States serve as the sole regulators of insurance. NCSL supports state legislative interest in banking, insurance and securities issues with accurate, thorough and objective information and analyses, 50-state comparisons, and updates on the latest initiatives and trends.
Insurance provides financial security for people and organizations against unforeseen events. State regulation of insurance protects consumers and ensures the safety and soundness of insurance companies. There are many categories of insurance. These include property and casualty (P/C) insurance for individuals (auto and home insurance), P/C commercial lines (general property and liability, workers' compensation, medical malpractice, life insurance and other investment-oriented insurance (annuities, disability income, long-term care insurance) and health insurance. NCSL supports state legislative interest in insurance issues with accurate, thorough and objective information and analysis, 50-state comparisons and updates on the latest initiatives and trends, including the interstate insurance regulation compact.
NCSL Contacts: Heather Morton (Denver), 303-364-7700 Chris Coleman (D.C.), 202-624-5400 |