Definitions for "Insurance Department"
A governmental bureau in each state charged with the administration of insurance laws, including the licensing of agents and insurers and their regulation and examination. In some jurisdictions the department is a division of another state department or bureau.
The state department organized to execute the enforcement of insurance laws and the promulgation of insurance regulations within the state.
A government entity in each state or territory administers insurance laws and licenses and regulates insurance agents and companies. A state insurance department can be a stand-alone government agency or a division of another department.