Study of State Insurance Departments
There is good news from state regulation of insurance. The quality of the web pages being constructed by state regulators is of high quality, considering the relatively brief time states have had to develop these pages. Over half of the population lives in states with excellent web page information (15 states). Over 95% of the population live in states with at least good information (40 states). Only 5% of the nation’s population live in states with poor or no web-based information available (11 states of which only 3 have no web page). The states are doing a good job of utilizing the new technology. But much more can be done. CFA recommends that states look at the states with “A” ratings as well as those we identify for special merit in order to have clear models for improvement.
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