Which organization is responsible for governing home insurance in the U.S.?
Is insurance a federal matter? Or do the states regulate home insurance?
“All insurance (home, auto, health, life) is regulated by the states. Each state in the U.S. has a department of insurance (DOI) headed by an insurance commissioner. The commissioner is either elected or appointed, depending on each state.
Furthermore, each commissioner is a member of the National Association of Insurance Commissioners (NAIC), which is a body created by and governed by the insurance commissioners from each state.
Your state’s DOI, in addition to licensing agents and regulating insurance companies, also serves to resolve consumer complaints against insurers and investigate and prosecute insurance fraud. “
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