What does State Insurance Department mean? Read on to discover the definition & meaning of the term State Insurance Department - to help you better understand the language used in insurance policies.
State Insurance Department
A state insurance department is a state government organization that enforces insurance laws. Every state has one. These departments exist to protect insurance policyholders from fraud or other unlawful actions. As regulators of the insurance industry, they make sure the insurance companies operating within the state are legitimate and law-abiding.
We hope the you have a better understanding of the meaning of State Insurance Department.