A Comparative Study of insuranc regulation and Supervision in the United States and Iran

The nature of insurance activities with regard to engaging with the interests of stakeholders requires that supervision and regulation be tailored to the performance of the insurance industry in the direction of insurance regulation. . For this purpose, the existence of an effective monitoring and regulating system is a prerequisite for this process. Since the regulatory and regulating system in Iran's insurance industry is considered a new one Certainly, studying the legal system of other countries can be of great help in insurance. In the United States, state insurance is provided, and the federal government has only a supervisory role. In the Islamic Republic of Iran, Central Insurance Agency of Iran through the General Assembly and the Supreme Insurance Board is responsible for regulating insurance and supervision is also carried out through the Supreme Insurance Board. In this paper, the differences between supervisory and regulating instruments in the United States of America with the Islamic Republic of Iran are examined and approaches are being proposed for the Iranian insurance industry.