Insurance Regulation

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Level: Beginner

Why you need this course:
After completing this course, you’ll have a basic understanding of how insurance is regulated and how insurance rates are developed.

Upon successful completion of this course, you should be able to:

  • Describe the purpose and activities of the National Association of Insurance Commissioners (NAIC).
  • Explain how insurance rates are developed.
  • Describe the objectives of rate regulation.
  • Describe the different types of insurance rating laws.
  • Explain how insurance regulators monitor insurers´ financial condition and protect consumers.
  • Explain how the excess and surplus lines market meets the needs of various classes of business that are often unable to find insurance in the standard market.
  • Summarize the historical and present-day effect on insurance regulation of the following court decisions, legislation passed, and legislation under review:
    • U.S. Supreme Court decision in the South-Eastern
      Underwriters Association
      case
    • McCarran-Ferguson Act
    • Gramm-Leach-Bliley Act
    • State Modernization and Regulatory Transparency Act (SMART Act)

Cost: $20 per Professional Development Hour (PDH). Information on PDHs provided can be found here.

Insurance Regulation Topics Include:

  • The National Association of Insurance Commissioners (NAIC)
  • How insurance rates are developed
  • The objectives of rate regulation
  • Different types of insurance rating laws
  • How insurance regulators monitor insurers’ financial condition and protect consumers
  • How the excess and surplus lines market meets the needs of various classes of business that are often unable to find insurance in the standard market
  • Specific court decisions, legislation passed, and legislation under review, including the U.S. Supreme Court decision in the South-Eastern Underwriters Association case

Phone: (800) 644-2101 (U.S. and Canada)
(610) 644-2100 (Outside the U.S. and Canada)
Fax: (610) 640-9576
Mail: The Institutes
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Suite 100
Malvern, PA 19355-3433
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Phone: (800) 644-2101

Customer Service hours are Monday through Friday, 8:00 a.m. to 6:00 p.m. eastern time.

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