<P> 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 . Prior to this period , insurance was primarily regulated by corporate charter , state statutory law and de facto regulation by the courts in judicial decisions . </P>
<P> 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 . Prior to this period , insurance was primarily regulated by corporate charter , state statutory law and de facto regulation by the courts in judicial decisions . </P>
who is the regulator of the insurance sector in the united states
who is the regulator of the insurance sector in the united states
individual state governments
individual state governments