DUBLIN, March 27, 2024 /PRNewswire/ — The “United States (US) Insurance Industry – Governance, Risk and Compliance” report added to ResearchAndMarkets.com supply.
The report is the result of an in-depth study of the insurance regulatory framework in United States. Provides detailed analysis of insurance provisions for life, property, automobile, liability, accident and health, as well as marine, aviation and transit insurance. The report specifies various requirements for the establishment and operation of insurance and reinsurance companies and intermediaries.
The report brings together expertise in research, modeling and analysis, providing insurers with access to information on prevailing insurance regulations, as well as recent and upcoming changes in the country’s regulatory framework, taxation and legal system. The report also includes the scope of unaccepted insurance in the country.
The report provides insight into the governance, risk and compliance framework pertaining to the US insurance industry, including:
- Overview of the US Insurance Regulatory Framework.
- Recent key changes and expected changes in the country’s insurance regulatory framework.
- Basic regulations and market practices related to the different types of insurance products in the country.
- Rules and regulations relating to the main classes of compulsory insurance and the scope of non-accepted insurance in the country.
- Key parameters including licensing requirements, permitted foreign direct investment, minimum capital requirements, solvency and reserve requirements, and investment regulations.
- Details of the tax and legal systems in the country.
Main highlights
- The NAIC coordinates the regulation of multistate insurers.
- Composite insurance is not permitted in the US.
- 100% FDI is permitted in the US insurance industry.
- Non-admitted insurance is not permitted in the US; however, exceptions exist.
- On January 1, 2015The NAIC adopted ORSA for large and medium-sized insurers.
Report scope
- The report covers details of the insurance regulatory framework in the US.
- The report details the rules and regulations governing insurance products and insurance companies.
- The report lists and analyzes key trends and developments related to the country’s insurance regulatory framework.
- The report analyzes the rules and regulations related to the establishment and operation of the insurance business in the country.
- The report provides details of taxation imposed on insurance products and insurance companies.
Main topics covered:
- Overview of legislation
- Supervision and control
- Legislation
- Compulsory insurance
- Inadmissible Insurance Provisions
- Company registration and activity
- Permissive
- Foreign Direct Investment/Ownership
- Minimum capital requirements
- Solvency limits
- Reserve requirements
- Legal Return Requirements
- Fee structure
- Taxation
- Insurance premium tax
- Income tax
- Corporate capital gains tax
- Value added tax
- A legal system
- Policy Practice
For more information on this report, visit https://www.researchandmarkets.com/r/yq3ejt
About ResearchAndMarkets.com
ResearchAndMarkets.com is the world’s leading source for international market research reports and market data. We bring you the latest data on international and regional markets, key industries, leading companies, new products and the latest trends.
Media contact:
Research and markets
Laura WoodSenior Manager
[email protected]
For EST hours Call +1-917-300-0470
For USA/Canada Call Toll Free +1-800-526-8630
For GMT hours Call +353-1-416-8900
US Fax: 646-607-1907
Fax (outside USA): +353-1-481-1716
Logo: https://mma.prnewswire.com/media/539438/Research_and_Markets_Logo.jpg
SOURCE Research and Markets
