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January 2, 2009, Newsletter Issue #150: Car Insurance Company Standards Are Set By State Board of Insurance
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Tip of the Week
Your car insurance company does not arbitrarily set its own rates in 49 states, Illinois being the exception. The company must petition to charge appropriate rates from your state's board of insurance. The Board regulates the car insurance rates in your state, and legally approves the car insurance company's rates. Your state board of insurance is designed to monitor all activity of insurance companies on the behalf of private citizens and businesses. They allow issue (and sometimes revoke) licenses to insurance companies and agents based on their meeting of certain state requirements. All agents and companies must be able to meet standards for conduct and auto insurance knowledge.
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CarInsurance.com provides all the information necessary to help our customers make an educated decision when it comes to auto insurance. in addition to the tips provided by LifeTips, we also offer an online Learning Center on our site.
Our Learning Center contains a variety of information from Articles on auto insurance and other car topics, to the last in insurance related news headlines. We also have a Questions & Answers section to help you find answer to some of the most commonly asked questions, and we encourage you to ask your own questions as well.
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