who is the regulator of the insurance sector in the united states
Insurance in the United States Historically, the insurance industry in the United States was regulated almost exclusively by the individual state governments. The first state commissioner of insurance was appointed in New Hampshire in 1851 and the state-based insurance regulatory system grew as quickly as the insurance industry itself.[9] Prior to this period, insurance was primarily regulated by corporate charter, state statutory law and de facto regulation by the courts in judicial decisions.[10][11]
Federal Deposit Insurance Corporation The FDIC and its reserves are not funded by public funds; member banks' insurance dues are the FDIC's primary source of funding.[4] The FDIC also has a US$100 billion line of credit with the United States Department of the Treasury.[5] Only banks are insured by the FDIC; credit unions are insured up to the same insurance limit by the National Credit Union Administration, which is also a government agency.