Note: None of this should be taken as legal or tax advice.
The National Association of Insurance Commissioners (NAIC) is a professional association for state
insurance commissioners.
Founded in 1871, the primary goal of the NAIC is to organize the efforts of the each state's insurance commissioners.
The NAIC acts as a forum for the creation of model laws and regulations. Each state decides whether to pass each NAIC model law or regulation, and each state may make changes in the enactment process. The NAIC also acts at the national level to advance laws and policies supported by state insurance regulators.
Note: None of this should be taken as tax or legal advice.
A state insurance commissioner is the chief insurance regulator in most U.S. states. Generally, the insurance commissioner heads the state's insurance division, often referred to as the
Department of Insurance.
Note: None of this should be taken as tax or legal advice.
The department of insurance (DOI) is the state government department or division responsible for the regulation of insurance regulations.
Its duties may include the following:
- enforcing statutes
- mandating consumer protections
- educating consumers, and
- fostering the stability of insurance markets.
Generally, the state department of insurance has authority over how the insurance industry conducts business within a state, and licenses and regulates the rates and practices of insurance companies, agents and brokers in the state.
Note: None of this should be taken as tax or legal advice.
A pre-existing medical condition is a health problem that existed before an individual applied to enroll in a health insurance plan.
Examples of pre-existing conditions include heart disease, high blood pressure, cancer, type 2 diabetes, and asthma.
Note: None of this should be taken as tax or legal advice. A group (also known as "employer-sponsored") health insurance plan covers an individual and their family members. Unlike
individual health insurance, group health insurance is purchased by an individual (or family member) indirectly through the individual's (or family member's) employer. Group health insurance is dependent on an individual's (or family member's) employment.
Group health insurance plans are declining in the United States. The number of people covered by group health insurance plans has substantially declined—
less than 50% of small businesses offer group health insurance today.
