Who Oversees Life Insurance Companies?
10968 POINTSview profileTim WilhoitOwner, Your Friend 4 Life, Brentwood TNThere are a few entities that regulate life insurance companies. The first is the federal agency Financial Services Authority or FSA which oversees all financial institutions including insurance companies. Next would be each individual states Department of Insurance who decides if a particular life insurance company is allowed to do business in their state and how they do business in their state. The last entity would be the federal Securities and Exchange Commission or SEC for publically traded companies.Answered on March 25, 2014flag this answer.JPG)
63333 POINTSview profilePeggy MaceMost of the U.S.States oversee life insurance companies and products through insurance commissioners in their own states. These commissioners generally follow standards set by the NAIC (National Association of Insurance Commissioners). There is little federal regulation of life insurance companies in the United States, although that is an ongoing tug of war.Answered on March 25, 2014flag this answer
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