What is the role of the Indiana commissioner of insurance?
The Indiana Commissioner of Insurance is an appointed state executive position in the state government. The commissioner is appointed by the governor and is responsible for overseeing the Department of Insurance, which regulates insurance companies operating in the state. Insurance commissioners are elected in 11 states and appointed in 39.
Who is Indiana Insurance Commissioner Amy beard?
Amy L. Beard began her service as Indiana Insurance Commissioner in June 2021. Beard has spent much of her career in public service. She previously served as a healthcare consultant and administrative law judge before joining the Indiana Department of Insurance as an attorney with the legal division.
What is the Office of the Insurance Commissioner?
The office of the insurance commissioner may be part of a larger regulatory agency, or an autonomous department. Insurance law and regulation is established individually by each state.
What does the Indiana Department of insurance do?
She earned an undergraduate degree from the University of Southern Indiana and her law degree from the Indiana University Robert H. McKinney School of Law. The Department of Insurance protects Hoosiers as they purchase and use insurance products to keep their assets and their families from loss or harm.
How do I file a complaint with the Indiana Department of Insurance?
Indiana consumers who would like to file a complaint against their insurance company or have questions to ask can do so by calling the Department's consumer hotline at 1-800-622-4461 [email protected].
Does Indiana Insurance Commission have a mission?
The purpose of the Indiana Department of Insurance is to protect Hoosiers as they purchase and use insurance products to keep their assets and their families from loss or harm.
What is the official name of the department agency or office in charge of Insurance regulation for Indiana?
Contact Information. 311 West Washington St. The mission of the Indiana Department of Insurance is: to protect Indiana's insurance consumers by monitoring and regulating the financial and market conduct activities of insurance companies and agents;and.
Who regulates home warranty companies in Indiana?
the Indiana Department of InsuranceHouse Bill 1377 provides for regulation by the Indiana Department of Insurance and would require licensure of home warranty providers (obligors). Qualifying for the license would require the filing of a surety bond, or other eligible security in the amount of $100,000.
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.
What is the title of the chief officer of the Department of Insurance?
Insurance Commissioner (state executive office) - Ballotpedia.
What do I do if my insurance company doesn't respond?
If your claims adjuster is not responding to you, call the insurance company operator/customer service phone number and for the name and number of your insurance adjuster's manager. Call the manager and advise what's been going on.
Who regulates insurance companies?
1. 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.
What does NAIC stand for insurance?
The National Association of Insurance CommissionersThe 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.
What agency oversees home warranty companies?
Most frequently, the Commissioner of Insurance oversees home warranties. The National Home Service Contract Association is a nonprofit organization that offers self regulation for home warranty providers.
Who regulates warranty?
If a manufacturer or supplier provides such a warranty, there is a consumer guarantee under the ACL that the manufacturer or supplier will comply with that warranty. If the supplier or manufacturer fails to comply with the warranty you will have rights against them under the consumer guarantees.
What does a home warranty cover?
What does Home Warranty cover? Home Warranty insures the home owner (either the original owner or subsequent owners) against: non-completion of the building contract. failure of the builder to correct faults, which are deemed by law to be the builder's responsibility, for a nominated warranty period.
What do I do if my insurance company doesn't respond?
If your claims adjuster is not responding to you, call the insurance company operator/customer service phone number and for the name and number of your insurance adjuster's manager. Call the manager and advise what's been going on.
What is the Indiana Patient Compensation Fund?
What Is the Indiana Patient's Compensation Fund? The Indiana PCF is a state program that helps victims recover damages that exceed what a healthcare provider's medical malpractice insurance is responsible for.
What term refers to the ability of an insurer to meet its obligations as they become due?
Solvency refers to the ability of an insurer to meet its obligations as they become due.
What is the average cost of health insurance in Ohio?
What is the average cost of health insurance in Ohio? The average cost of health insurance in Ohio, across all plan tiers, is $435 per month for a 40-year-old. However, prices vary by tier, from $289 on average for a Catastrophic plan to $599 per month for a Gold policy.
What is the job of the Insurance Commissioner of Indiana?
Duties. The commissioner of insurance is responsible for overseeing the Department of Insurance, which regulates insurance companies operating in Indiana. The commissioner works to promote improvements to insurance laws and the enforcement of said laws in Indiana.
Who appointed the insurance commissioner?
The insurance commissioner shall be appointed by the governor...The commissioner shall serve and may be removed at the pleasure of the governor, and shall be the chief executive and administrative officer of the department.
What are the divisions of insurance?
The Department of Insurance, overseen by the commissioner of insurance, is divided into the following divisions: 1 Licensing 2 Adjusters 3 Consumer Services 4 Company/Entity Financial Compliance
What is an insurance commissioner?
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.
How is the insurance commissioner established?
The office of an insurance commissioner is established either by the state constitution or by statute. While most insurance commissioners are appointed, in some jurisdictions they are elected. The office of the insurance commissioner may be part of a larger regulatory agency, or an autonomous department.
Qualifications
- The qualifications to be eligible for insurance commissioner is also spelled out in the Indiana Code:
Vacancies
- Note: Ballotpedia's state executive officials project researches the constitutional or statutory text that details the process of filling vacancies for a state executive office. That information for the Indiana Commissioner of Insurance has not yet been added. After extensive research, we were unable to identify any relevant information on state official websites. If you have any additional i…
Duties
- The commissioner of insurance is responsible for overseeing the Department of Insurance, which regulates insurance companies operating in Indiana. The commissioner works to promote improvements to insurance laws and the enforcement of said laws in Indiana.
Divisions
- The Department of Insurance, overseen by the commissioner of insurance, is divided into the following divisions:
Historical Officeholders
- Note: Ballotpedia's state executive officials project researches state official websites for chronological lists of historical officeholders; information for the Indiana Commissioner of Insurance has not yet been added because the information was unavailable on the relevant state official websites, or we are currently in the process of formatting the list for this office. If you ha…
Recent News
- The link below is to the most recent stories in a Google news search for the terms Indiana Insurance Commissioner.These results are automatically generated from Google. Ballotpedia does not curate or endorse these articles.
Contact Information
- The Indiana Department of Insurance 311 West Washington Street, Suite 300 Indianapolis, IN, 46204 Phone:(317) 232-2385