Insurance Regulations
Federal and state insurance regulations governing our operations
Regulatory Overview
Insurance is one of the most heavily regulated industries in the United States. Daily Event Insurance operates under comprehensive federal and state regulations designed to protect consumers and ensure financial stability.
The insurance industry is primarily regulated at the state level, with each state maintaining its own Department of Insurance. We maintain licenses and compliance in all states where we operate, ensuring full regulatory compliance.
Regulatory Framework
Federal Regulations
McCarran-Ferguson Act
Establishes state authority over insurance regulation
Gramm-Leach-Bliley Act (GLBA)
Financial privacy and data security requirements
FCRA (Fair Credit Reporting Act)
Governs use of consumer credit information
AML/KYC Requirements
Anti-money laundering and know-your-customer rules
State Regulations
Producer Licensing
State-specific insurance agent licensing requirements
Rate Filing Requirements
Insurance rate approval and filing processes
Policy Form Approval
State review and approval of insurance policy forms
Market Conduct Rules
Standards for insurance sales and marketing practices
NAIC Standards
Model Insurance Laws
NAIC model regulations adopted by states
Financial Reporting
Standardized financial statement requirements
Consumer Protection
NAIC consumer protection standards
Market Regulation
Trade practices and market conduct guidelines
Daily Event Insurance Compliance Status
Partner Responsibilities
While Daily Event Insurance maintains all regulatory licenses and compliance, partners have important responsibilities:
Accurate Representation
Represent policy terms and coverage accurately to customers
Licensed Operations
Operate within the scope of Daily Event Insurance's licenses
Disclosure Requirements
Provide all required disclosures to customers at point of sale
Data Protection
Handle customer information according to privacy regulations
Complaint Handling
Forward customer complaints to Daily Event Insurance promptly
Advertising Compliance
Use only approved marketing materials and messaging
Regulatory Compliance is Critical
Violations of insurance regulations can result in severe penalties including license revocation, fines, and legal action. All partners must operate within the scope of our licenses and follow proper procedures.
If you have questions about regulatory requirements or need guidance on compliance matters, contact our compliance team immediately.