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Are state insurance regulators overstepping their mark?

The Multistate Insurance Diversity Survey is the latest strong-arm tactic that asks insurers to report on information with little regulatory value.

By Paul Tetrault, JD, ARM, Aim | Updated on December 05, 2016
The Multistate Insurance Diversity Survey is the latest strong-arm tactic that asks insurers to report on information with little regulatory value. (Photo: Shutterstock)

Insurance commissioners are charged with protecting consumers in two ways.

They oversee insurers’ financial health to ensure they will be able to pay consumers’ claims in the future, and they monitor market behavior to make sure that regulated entities treat consumers fairly.

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