Is Pennsylvania an NAIC state?

Is Pennsylvania an NAIC state?

Pennsylvania Insurance Commissioner Appointed as NAIC Committee Chair. NAIC is the U.S. standard-setting and regulatory support organization created and governed by the chief insurance regulators from the 50 states, the District of Columbia and five U.S. territories.

What is NAIC number on insurance policy?

The NAIC number is a number that the National Association of Insurance Commissioner’s (NAIC) assigns to each individual underwriting company. Below is a list of the NAIC numbers that are associated with our member companies. For existing policyholders, the NAIC number also appears on the ID cards as “Company Number”.

Do insurance agencies have NAIC numbers?

All licensed and authorized insurance companies in the U.S. are assigned a five-digit NAIC number by the NAIC.

What is the state of insurance?

State of insurance describes the state’s efforts to regulate the industry, prosecute insurance fraud and spread awareness about insurance to consumers. State departments of insurance oversee all types of insurance plans, including automobile, health, life, homeowners and renters insurance.

What is the head of the department of insurance called?

Ricardo Lara is California’s 8th Insurance Commissioner since voters created the elected position in 1988. As leader of the nation’s largest state consumer protection agency he will protect Californians’ futures.

Who makes up the NAIC?

National Association of Insurance Commissioners
The National Association of Insurance Commissioners (NAIC) is led by the insurance commissioners of the 50 states, plus Washington, D.C., and five U.S. territories. The NAIC develops model rules and regulations for insurance companies and products.

What is an NAIC state?

The National Association of Insurance Commissioners (NAIC) is a nonprofit, nonpartisan organization governed by the chief insurance regulators of the 50 states, the District of Columbia, and the five U.S. territories: American Samoa, Guam, the Northern Mariana Islands, Puerto Rico, and the Virgin Islands.