Insurance now, in the United States, is regulated not by the federal government but by insurance regulators in each of the fifty states.

如今,美国的保险业,并不是由联邦政府直接监管,而是由各个州的监管机构监管

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Why is it regulated separately by the fifty states?

为什么各个州要的监管要分开呢

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This is something that's very important in the United States because, as I mentioned, insurance regulation is divided up over the fifty states and the problem that that creates is-- it's a nightmare for insurance companies because every different state has different laws.

在美国,这个协会是非常重要的,因为,就像我所提及的,保险监管被分散到了五十个州,这对任何一个保险公司而言,都是一个噩梦,因为各州法律各有不同

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Other countries have it centralized but in the U.S. it's split up over fifty states.

其他国家均实行国家统一监管,但美国却把监管权分给了各个州

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But of course, it has a lot of force because all fifty states have met-- the commissioners of fifty states have met and hashed it out.

当然,这种建议有它的力度,因为所有五十个州的保险业者,聚集在一起,反复推敲才得出建议

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It's a little bit like the NAIC -the National Association of Insurance Commissioners -recommends laws to the local insurance regulators in the fifty United States.

这有点像NAIC,美国保险监督官协会,它对全美国50个州的,地方保险监管机构推荐法律法规

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