National Association of Insurance Commissioners Releases 2017 Insurance Department Resources Report – Volume Two
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Report contains key statistics on premiums by state, by line of business and budget information
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The
The IDRR is intended to help state insurance departments assess their resources in comparison to other states. It details how state insurance departments manage available resources to effectively regulate a complex and competitive industry.
This volume includes admitted premium by state, by line of business; excess and surplus lines premium; and relational statistics including budget as a percentage of revenues, budget as a percentage of premiums and revenues as a percentage of premiums.
An overview of the findings in Volume Two includes:
Total premium collected increased by 5.4 percent.
The IDRR Volume One (PDF) -- published in July -- includes data on staffing, budgeting and examination information. As well as being an important assessment tool for state insurance departments, the IDRR is a helpful reference for state legislators, federal regulators and other public policymakers.
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