answersLogoWhite

0

Who controls auto insurance companie?

Updated: 9/23/2023
User Avatar

Wiki User

βˆ™ 10y ago

Best Answer

Auto insurance companies are controlled by a board of directors if they are a corporation which most of them are. They would also have a president or chief financial officer and other officers needed for their operation. If this is not what you mean perhaps you are asking about regulation which would be separate in each state of the United States. Each State will have a regulatory agency that regulate auto insurance companies such as a State Department of Insurance.

User Avatar

Wiki User

βˆ™ 10y ago
This answer is:
User Avatar
More answers
User Avatar

Wiki User

βˆ™ 10y ago

Insurance companies are controlled by corporate officers and a board of directors just like any other company. If they are a mutual company they are still controlled by company officers. Insurance companies are regulated in each state by the Insurance Commissioner and the Commissioners Office. Depending on what state you live in the title of the regulatory agency may be different but all states have a agency that audits insurance companies. Companies can get in just as much trouble for over paying claims as the can for not paying claims that they should have paid.

This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: Who controls auto insurance companie?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

Is it possible to pay someone else's insurance premiums with your credit card?

Certainly, if that insurance companie excepts that form of payment


Which companies provide car insurance in the state of OR?

Companies that offer car insurance in Oregon are State Farm auto insurance, 21st Century auto insurance, Nationwide auto insurance, Mercury auto insurance, Farmers auto insurance, and AAA auto insurance.


Does property insurance or auto insurance pay when a auto owner damages his garage with his auto?

Auto Insurance.


Can you get auto insurance if you have not had auto insurance?

(autoinsurance.aains.us/low-cost-auto-insurance) maybe it will help you


What is QB in auto insurance?

It is stuff about auto insurance


What is SR71 auto insurance?

What is SR71 auto insurance


What services are offered by Lonestar auto insurance?

Lonestar auto insurance offers insurance services to potential customers. Insurance coverage services offered include: auto insurance, life insurance, and travel insurance.


What are the various types of insurance offered by North Auto Insurance?

There are many different types of insurances that are offered by North Auto Insurance. These types of insurance include auto insurance, renters insurance, and home insurance.


How can I get cheap auto insurance in NY?

For cheap auto insurance in New York I would suggest trying Progressive auto insurance.


Is direct auto insurance better than indirect auto insurance?

Direct auto insurance is normally less exspensive to purchase.


Which companies provide check auto insurance?

There are several different companies that provide check auto insurance. Some of these include: B&W Auto Insurance, Canadian Direct Auto Insurance, and Progressive.


Can you carry auto insurance with no car?

You have to have a vehicle to carry auto insurance.