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Written by annuit, January 31st, 2012
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The State Insurance Department
Annuity
The State Insurance Department is a most vital department in each of our fifty states. Acting on its own state’s insurance laws and regulations, it supervises all aspects of an insurance company’s operation within that state. In addition, the State Insurance Department licenses all companies and agents to sell annuity insurance within its boundaries. It must also approve all policy forms and in some cases, sales materials before they can be offered to the public. The Departments review complaints from consumers and mergers of companies which do business within its boundaries. Annuities
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