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Insurance Brokers are Safe and Regulated

Feeling shy about using an insurance broker? Wondering if it's safe to use a middleman for your money? Well, here's some good news! American insurance brokers are very well regulated by both state and national governmental bodies. The National Association of Insurance Commissioners regulates insurance companies and brokers in all 50 states, as well as Puerto Rico, American Samoa, Guam, the Virgin Islands and the Northern Mariana Islands. Each of these states and territories has an Office of the Insurance Commissioner, which governs licensing, agency ratings, disciplinary hearings, taxes and other topics specific to the insurance industry. The State Office of the Insurance Commissioner also provides a tremendous amount of information to the consumer about brokers, insurance, laws, municipal codes and pretty much anything else you could ever want to know about the insurance industry. This site is also a great place to start if you have any questions about brokers, insurance companies and the safeguards and precautions that are already in place to protect you and your money. Go ahead and check out your potential broker and the agency listing on this site, too. Remember, more than any other determining factor, a broker's business depends the most on their client's positive opinion of the services they received. Chances are, the broker you choose goes above and beyond the requirements to maintain bureaucratic transparency as an agent and a reputation for being a trustworthy broker and business person.