What is one of the roles of the commissioner?
Commissioners are responsible for overseeing the county's management and administration, representing county interests at the state and federal level, participating in long-range planning, and managing the county budget and finances.
What is the role of insurance commission?
The Insurance Commission is a government agency under the Department of Finance. The Commission supervises and regulates the operations of life and non-life companies, mutual benefit associations, HMOs, and trusts for charitable uses.
What is the objective of the National Association of Insurance Commissioners?
The National Association of Insurance Commissioners (NAIC) provides expertise, data, and analysis for insurance commissioners to effectively regulate the industry and protect consumers.
Which of the following is not a responsibility of the insurance agent?
Insurance agents do not have an independent duty to identify their clients' needs and to advise them regarding whether they may be underinsured because it is the client's responsibility or duty—not the insurance agent's—to determine the amount of coverage needed and advise the agent of those needs.
What does an insurance commissioner do?
From Wikipedia, the free encyclopedia An insurance commissioner (or commissioner of insurance) is a public official in the executive branch of a state or territory in the United States who, along with his or her office, regulate the insurance industry. The powers granted to the office of an insurance commissioner differ in each state.
What does the Department of insurance do?
The Department of Insurance may " " of both companies and agents in the state to ensure they are in compliance with state laws. The DOI has the power to require free access to all books and papers related to the business. The Insurance Commissioner does not write insurance laws, but it does enforce them.
What is the difference between the Doi and Insurance Commissioner?
The DOI has the power to require free access to all books and papers related to the business. The Insurance Commissioner does not write insurance laws, but it does enforce them. The Commissioner's office will "- - -" and take the appropriate actions which could include fines, suspensions and revocations.