Is there a federal law mandating auto insurance

The NAIC hopes to work with the incoming administration to advocate for changes to the FIO in 2017.” Ultimately the regulation of auto insurance companies and rates is determined by each individual state.State insurance departments, carrying a variety of designations like “Division of Insurance” or “Insurance Department,” set the minimum coverage level required to drive legally in the state.A self-funded, self-supporting private agency which can act as a legal authority and law enforcement power, or as an official military outfit, even with minimal (if any) ties to actual government/military/police organizations.

For an actual government agency version, see Heroes "R" Us.

See also Private Military Contractors, which may overlap.

Government regulation, both federal and state, ensures that our cars are safe to drive, our food is safe to eat, and our bank accounts are protected. However, you may have heard of the NAIC (National Association of Insurance Commissioners) or the FIO (Federal Insurance Office).

These two entities essentially gather data and information from insurance companies and advise : “The NAIC coordinates closely with the FIO to serve as an information resource for the federal government and to engage in international discussions in conjunction with US insurance regulators.

There's also a good chance it could be part of a Mega Corp.

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In addition to state insurance departments, insurance companies are also regulated by the market in which they operate.

Insurance companies are in business to make money; not lose it.

Just make sure you are still getting the coverage and service you need, too.

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