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Who regulates insurance companies in Massachusetts?

The Division of Insurance (DOI) has the legal authority to conduct hearings, issue orders and decisions, and promulgate regulations on the business of insurance. Find more information about the various insurance laws regulations, bulletins, public hearings offered by the DOI.

Who is the primary regulator of the insurance industry?

Insurance is regulated by the states. This system of regulation stems from the McCarran-Ferguson Act of 1945, which describes state regulation and taxation of the industry as being in the public interest and clearly gives it preeminence over federal law. Each state has its own set of statutes and rules.

What is CMR Massachusetts?

The Code of Massachusetts Regulations (CMR) is the complete set of regulations promulgated by state agencies, under the Administrative Procedures Act (M.G.L. c.

Who has the authority to regulate the insurance?

CDI enforces the insurance laws of California and has authority over how insurers and licensees conduct business in California.

What does the NAIC do?

The National Association of Insurance Commissioners (NAIC) provides expertise, data, and analysis for insurance commissioners to effectively regulate the industry and protect consumers.

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