Agency Budget Request

Narrative

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Mentions of “INSURANCE” — 14 found on pages 1, 2

Insurance Commissioner At a Glance • Monitor the financial operations of app roximately 1,450 foreign and 140 domestic insure …

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… 40 domestic insurers licensed in Delaware and take regulatory measures to assure their solvency; • Regulate captive insurance companies, consistent with their nature and purpose, and foster economic development in Delaware through the growth o …

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… nsistent with their nature and purpose, and foster economic development in Delaware through the growth of the captive insurance industry; • Investigate property and casualty, auto, life, health, workers ’ compensation, provider and agent insur …

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… rance industry; • Investigate property and casualty, auto, life, health, workers ’ compensation, provider and agent insurance fraud to reduce the cost of insurance to consumers; • Issue licenses to insurance agents, brokers, adjusters, apprais …

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… ty and casualty, auto, life, health, workers ’ compensation, provider and agent insurance fraud to reduce the cost of insurance to consumers; • Issue licenses to insurance agents, brokers, adjusters, appraisers and consultants in order to ensu …

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… compensation, provider and agent insurance fraud to reduce the cost of insurance to consumers; • Issue licenses to insurance agents, brokers, adjusters, appraisers and consultants in order to ensure competency and ethical conduct in the field …

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… ppraisers and consultants in order to ensure competency and ethical conduct in the field; and • Review and regulate insurance contracts and rate filings to confirm compliance with applicable actuarial standards, statutory provisions and regula …

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… ial standards, statutory provisions and regulations. Overview In accordance with Title 18 of the Delaware Code, the Insurance Commissioner of the State of Delaware will investigate consumer complaints and inquiries, and advocate for Delawarean …

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