| State | Domestic insurers (1) | Licensed out-of-state
insurers (2) | Chartered self-insured
groups or pools | Chartered
purchasing groups | All companies
doing business in state |
|---|
| Alabama
| 49
| 1,498
| 0
| 11
| 1,558
| | Alaska
| 6
| 1,137
| 0
| 0
| 1,143
| | Arizona
| 135
| 1,616
| 25
| 26
| 1,802
| | Arkansas
| 55
| 1,518
| 0
| 1
| 1,574
| | California
| 131
| 1,280
| 0
| 43
| 1,454
| | Colorado
| 50
| 1,504
| 9
| 41
| 1,604
| | Connecticut
| 102
| 1,271
| 0
| 35
| 1,408
| | Delaware
| 139
| 1,385
| 0
| 116
| 1,640
| | D.C.
| 47
| 1,355
| 0
| 15
| 1,417
| | Florida
| 437
| 1,651
| 14
| 48
| 2,150
| | Georgia
| 71
| 1,629
| 36
| 0
| 1,736
| | Hawaii
| 45
| 1,116
| 10
| 3
| 1,174
| | Idaho
| 19
| 1,376
| 17
| 2
| 1,414
| | Illinois
| 340
| 1,416
| 12
| 163
| 1,931
| | Indiana
| 134
| 1,665
| 22
| 20
| 1,841
| | Iowa
| 207
| 1,419
| 3
| 0
| 1,629
| | Kansas
| 45
| 1,541
| 17
| 13
| 1,616
| | Kentucky
| 52
| 1,563
| 10
| 0
| 1,625
| | Louisiana
| 104
| 1,501
| 23
| 2
| 1,630
| | Maine
| 22
| 1,197
| 18
| 1
| 1,238
| | Maryland
| 56
| 1,513
| 5
| 12
| 1,586
| | Massachusetts
| 78
| 1,386
| 21
| 4
| 1,489
| | Michigan
| 125
| 1,413
| 16
| 11
| 1,565
| | Minnesota
| 145
| 1,405
| 20
| 22
| 1,592
| | Mississippi
| 45
| 1,536
| 0
| 3
| 1,584
| | Missouri
| 181
| 1,546
| 12
| 10
| 1,749
| | Montana
| 34
| 1,412
| 0
| 4
| 1,450
| | Nebraska
| 114
| 1,473
| 6
| 5
| 1,598
| | Nevada
| 39
| 1,567
| 8
| 5
| 1,619
| | New Hampshire
| 60
| 1,237
| 0
| 0
| 1,297
| | New Jersey
| 119
| 1,356
| 51
| 22
| 1,548
| | New Mexico
| 32
| 2,604
| 0
| 0
| 2,636
| | New York
| 555
| 1,179
| 8
| 86
| 1,828
| | North Carolina
| 96
| 1,509
| 3
| 5
| 1,613
| | North Dakota
| 29
| 1,377
| 10
| 2
| 1,418
| | Ohio
| 258
| 1,539
| 0
| 25
| 1,822
| | Oklahoma
| 83
| 1,741
| 4
| 5
| 1,833
| | Oregon
| 44
| 1,453
| 0
| 5
| 1,502
| | Pennsylvania
| 238
| 1,596
| 13
| 33
| 1,880
| | Rhode Island
| 29
| 1,335
| 1
| 24
| 1,389
| | South Carolina
| 84
| 1,558
| 0
| 11
| 1,653
| | South Dakota
| 38
| 1,417
| 0
| 0
| 1,455
| | Tennessee
| 70
| 1,623
| 3
| 8
| 1,704
| | Texas
| 406
| 1,614
| 2
| 48
| 2,070
| | Utah
| 112
| 1,812
| 0
| 12
| 1,936
| | Vermont
| 109
| 1,197
| 0
| 9
| 1,315
| | Virginia
| 67
| 1,575
| 14
| 13
| 1,669
| | Washington
| 37
| 1,438
| 0
| 9
| 1,484
| | West Virginia
| 32
| 1,412
| 1
| 2
| 1,447
| | Wisconsin
| 333
| 1,668
| 0
| 7
| 2,008
| | Wyoming
| 4
| 1,435
| 1
| 1
| 1,441
| | Total U.S. (3)
| 5,929
| (4)
| 415
| 943
| 7,287
|
(1) Insurers that are domiciled in the state. Includes property/casualty, life/annuities, health, fraternal, title, risk retention groups and "other".
(2) This category is comprised of insurers designated by the NAIC as "foreign insurers"—i.e., insurers whose state of domicile is other than the state in which it is writing business. There is no U.S. total in this column to avoid double counting—i.e., insurers are only included in the figures for states in which they
are domiciled.
(3) Totals include U.S. territories and possessions.
(4) No totals shown, so as to avoid double counting. Totals reflect insurers physically located in the state. Source: Insurance Department Resources Report, 2020, published by the National Association of Insurance Commissioners (NAIC). Reprinted with permission. Further reprint or redistribution strictly prohibited without written permission of NAIC.
Who regulates life insurance in Virginia?
In Virginia, insurance regulations are promulgated by the State Corporation Commission.
Who are the main regulators of the life insurance industry?
IDRA attempts to protect the interest of insurance policyholders, beneficiaries and ensuring stability of the insurance sector. Two state-owned insurers -Sadharan Bima Corporation (SBC) and Jiban Bima Corporation (JBC) are also regulated by IDRA.
What is the governing body for life insurance?
The California Department of Insurance (CDI) was created in 1868 as part of a national system of state-based insurance regulation.
Are life insurance companies regulated by the federal government?
The life insurance industry is regulated on the state level. State insurance departments maintain strict oversight and verify independently that life insurance companies have the resources to meet their financial obligations.
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