Insurance laws are state-based.
Each state regulates insurance.
Companies must be licensed.
Consumer protection is required.
Rates are monitored by states.
Policy language must be clear.
Fraud laws are strict.
Unfair practices are penalized.
Mandatory coverages exist.
Auto insurance laws vary.
Health insurance has federal rules.
The Affordable Care Act applies nationally.
Complaints can be filed.
State insurance departments help consumers.
Companies must remain solvent.
Audits are conducted regularly.
Compliance ensures fairness.
Regulations protect policyholders.
Laws evolve over time.
Understanding laws prevents issues.