Who regulates insurance companies in the state of Florida?

The Office of Insurance Regulation regulates and provides oversight for all insurance companies and insurance-related entities licensed to do business in Florida as described above.

What does the Florida Department of insurance do?

Organization Details. About: The state insurance department receives, researches, investigates, and resolves individual consumer complaints against insurance companies, agents and brokers. The Department provides educational materials and assistance for consumers regarding insurance questions and coverage provisions.

How do I file a complaint against an auto insurance company in Florida?

How Do I…Statewide Toll-Free: 1-877-MY-FL-CFO (1-877-693-5236)Out of State Callers: (850) 413-3089.TDD Line: 1-800-640-0886.Email Address: Consumer.Services@myfloridacfo.com.

How do I find out if a business is insured in Florida?

Any question about the authorized status of a company can be checked by calling the Florida Department of Financial Services at 877-693-5236 or 850-413-3089. We urge all agents and brokers to adhere to this admonition. You can search by company name, Florida company code, or NAIC company code.

Who holds insurance accountable?

Led by Insurance Commissioner Ricardo Lara, the California Department of Insurance is the consumer protection agency for the nation’s largest insurance marketplace and safeguards all of the state’s consumers by fairly regulating the insurance industry.

Which agency regulates insurance companies?

Insurance Regulatory and Development Authority of India (IRDAI), is a statutory body formed under an Act of Parliament, i.e., Insurance Regulatory and Development Authority Act, 1999 (IRDAI Act 1999) for overall supervision and development of the Insurance sector in India. 2.

Who is the head of the Office of Insurance Regulation in Florida?

David Altmaier was appointed as the Florida Insurance Commissioner in April 2016 by the Financial Services Commission. He leads the Office of Insurance Regulation (OIR) and has oversight of one of the largest insurance markets in the world.

What is the highest authority for insurance regulation?

The National Association of Insurance Commissioners (NAIC) is the U.S. standard-setting and regulatory support organization created and governed by the chief insurance regulators from the 50 states, the District of Columbia and five U.S. territories.

Who is the head of insurance company?

It is a ten-member body consisting of a chairman, five full-time and four part-time members appointed by the government of India. At present ( 1 Sept, 2018 ), the authority is chaired by Dr. Subhash C. Khuntia and its full-time members are Mrs T.L.Alamelu, K.

Which entity is responsible for regulating claims settlement practices of insurers?

The NAIC has promulgated the Unfair Property/Casualty Claims Settlement Practices and the Unfair Life, Accident and Health Claims Settlement Practices Model Regulations pursuant to this Act.

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