How are insurers regulated?
Insurance companies are regulated at the state level. All pricing and coverage must abide by insurance laws and regulations. An authoritative body, usually the Department of Insurance, oversees rate regulations for various types of insurance.
Is life insurance regulated by the government?
Life insurance companies are regulated by the individual states in which they are licensed or certified to sell insurance. There is not a federal regulating body for insurance such as the Securities and Exchange Commission, which regulates the securities industry.
Who regulates US domiciled insurance companies?
If you are asking about US domiciled insurance companies and regulating them in the US, that is the state Department of Insurance in each state. Passage of the McCarran Ferguson act after WW II set up the process of states regulating insurance operations within their borders.