The'Troika'and'Three Pillars'of Regulation:the Practice and Inspiration of the U.S.Insurance Industry Regulatory Model
The regulatory framework of the insurance industry in the United States is distinctive,with its division of functions featuring a'troika'of states,the federal government and the National Association of Insurance Commis-sioners(NAIC).Specifically on the operation of insurance regulation,the United States insurance industry regulation coordinates the insurance market with the'three pillars'of corporate governance,solvency and market conduct regula-tion.The regulatory rules of the insurance industry in the United States vary greatly from state to state,and there is a continuous game between federal and state regulation,while also showing a clear trend of focusing on the behaviour of enterprises.Analysing and studying the current situation of insurance regulation in the United States is of great signifi-cance for China's insurance regulation to further enhance coordination,carry out multi-layer synergies,and enrich the regulatory hierarchy.
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