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How are car insurance companies regulated?
Are car insurance companies regulated by any state or federal offices?
Public Comments
- in America, each state has its own insurance regulatory commission, so auto insurance is regulated by the states, yes.
- Yes. Each state has an "insurance department" which regulates ALL insurance sold in that state, including car insurance.
- The insurance companies are regulated by the state insurance department. This applies to all insurance companies irrespective of whether they are general insurance or life insurance companies
