A central role of state insurance departments is assuring that prices are not inadequate, excessive or unfairly discriminatory, as well as that availability of coverage is not limited by unfair discrimination. Yet ameliorating unfair discrimination depends on the capacity of state regulators to collect and analyze data that most do not currently possess.
Collecting adequate data and analyzing that information are essential in meeting the standards set by the state accreditation program established by the National Association of Insurance Commissioners. As the program's "Summary," under the heading "Market Analysis," states on page 2:
"Each accredited insurance department shall have adequate and effective procedures in place for data collection and regularly scheduled in-depth analysis of relevant data in order to identify regulated entities/practices which may require further analysis."
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