Sentences with phrase «state insurance commissioners serve»

State insurance commissioners serve as the regulatory authority and states are required to have life insurance licenses to sell the product.

For variable annuities, the U.S. Securities and Exchange Commission (SEC), the Financial Industry Regulatory Authority (FINRA), and state insurance commissioners serve as the regulatory authority.

Not exact matches

In a recent post, we reported that Zenefits, a software company and online brokerage firm that claims to have automated much of what brokers do, seems to have alarmed enough insurance agents that last month, the insurance commissioner in Utah banned Zenefits from serving as a broker in the state.

She also served as a commissioner of the New York State Insurance Fund.

The Life Insurance Illustrations Model Regulation, adopted by the National Association of Insurance Commissioners in 1995, serves as the model for most state regulations.