Regulation of insurance has evolv ...

Regulation of insurance has evolv through the whole extent of decades, divided among the states, an array of federal agencies and a handful of quasi-governmental bodies. Here's for what reason the moving parts fit together.

Federal

Congres creates laws and funding to implement policy in consequence of these agencies:

U Department of the Treasury (www.ustreas.gov)

* Office of the Comptroller of the money; aggregate of coin (www.occ.treas.gov)

Regulates banks' insurance powers.

* Internal reward Service (www.irs.gov)

Enforcement authority includes treatment of life and savings products; taxation of mutual v stock companies; captive insurers; taxation of brokers' income earned overseas; and offshore insurers.

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