Insurance Regulation

Definition and Explanations on an Admitted Insurance Company in the Insurance Sector

Authorized Reinsurance refers to reinsurance contracts handled by a reinsurer who is legally permitted to operate within a specific state.

A directive issued by an insurance commissioner to mandate certain actions by an insurer.

A comprehensive guide to understanding what constitutes a domestic insurer within the context of state-based insurance regulation in the United States.

Explanation of the Early Warning System designed by insurance industry regulators to identify risky practices and trends that could lead to systemic risk by monitoring and measuring an insurer’s financial stability.

A comprehensive explanation of an Insurance Holding Company System comprising two or more affiliated entities, including one insurer.

An overview of the IRIS, a system used by NAIC and state insurance regulators for insurance company solvency screening.

A detailed definition and explanation of an insurer, including authorization and operational scope as per state law regarding property and casualty insurance.

Comprehensive guide on the National Association of Insurance Commissioners, explaining its role, scope, and functions in the U.S. insurance regulatory landscape.

An overview of the Prior Approval Law in relation to insurance regulations requiring pre-approval of rates and forms before usage.

A comprehensive definition of the state of domicile in insurance terminology, with clarity on its relevance and regulatory context.

A comprehensive guide on Unauthorized Reinsurance, explaining the concept, implications, and regulatory aspects.