What is the meaning of Ins Co?

What is the meaning of Ins Co?

a company whose business is providing and selling insurance: You must notify your insurance company immediately of any damage or loss that has occurred. See also. insurer.

What is NAIC stand for?

The National Association of Insurance Commissioners
The National Association of Insurance Commissioners (NAIC) is the U.S. standard-setting and regulatory support organization created and governed by the chief insurance regulators from the 50 states, the District of Columbia, and five U.S. territories.

Is Cigna the same as Connecticut General life insurance?

Cigna was formed by the 1982 merger of the Connecticut General Life Insurance Company (CG) and INA Corporation (the parent corporation of Insurance Company of North America, the first stock insurance company in America). The company name, Cigna, is a mix of letters from the merging companies, CG and INA.

How does insurance commission work?

An insurance broker makes money off commissions from selling insurance to individuals or businesses. Most commissions are between 2% and 8% of premiums, depending on state regulations. Brokers sell all insurance types, including health insurance, homeowner insurance, accident insurance, life insurance, and annuities.

What is an NAIC insurance Code?

A NAIC number is a unique five-digit number that identifies an insurer and record their financial data, closed complaints, and more.

Is the NAIC a federal agency?

Insurance in the United States is regulated primarily by the individual states, rather than by the federal government. The National Association of Insurance Commissioners (NAIC) is led by the insurance commissioners of the 50 states, plus Washington, D.C., and five U.S. territories.

Who owns Cigna life insurance?

New York Life
NEW YORK and BLOOMFIELD, Conn., December 18, 2019 – New York Life, America’s largest mutual life insurer, and Cigna, a leading global health service company, announced today that they have entered into a definitive agreement whereby New York Life will acquire Cigna’s group life and disability insurance business for …

Is Connecticut General Corporation Cigna?

Connecticut General Corporation, doing business as, Cigna, provides insurance services. The Company offers medical, dental, behavioral health, and vision plans, as well as prescription drug benefit plans and health advocacy programs.