Conduct
Market Conduct Regulation vs Solvency Regulation
Market Conduct Regulation vs Solvency Regulation Solvency Market Conduct (p12) – Daniel Schwarcz (Associate Professor, University of Minnesota Law School: So, notably, you will see that my testimony was focused on different issues than many of the other witnesses, and that is because it is true that solvency regulation is in many ways the core…
Read MoreICP 19 – Conduct of Business (COB) – IAIS
ICP 19 – Conduct of Business (COB) – IAIS iaisweb.org///icp-19 iaisweb.org/activities-topics/conduct-and-culture/ 2022 06 – IAIS – Supervisors’ use of key indicators to assess insurer conduct – 22p ….in the United States, the term “market conduct” instead of “conduct of business” is more widely used. 2015 0501 – AAA to IAIS – Committee Comments To IAIS On…
Read MoreQ: What Policies lead to Lawsuits / Market conduct issues?
What Policies lead to Confusion / Market conduct issues / Lawsuits? More complex products sold to individual consumers (e.g., universal life policies) tend to generate more market conduct problems than simple products (e.g., term life insurance). 2003 0701 – NCOIL – The Path to Reform – The Evolution of Market Conduct Surveillance Regulation – [PDF-117p]…
Read MoreMarket Conduct
Market Conduct Market Conduct – Documents NAIC – Market Conduct The NAIC Examination (A6) Subcommittee, in 1974, recommended the establishment of a “separate and distinct” program of surveillance to ensure fair treatment of policyholders. Thus was “market conduct” born. The term “market conduct” has, however, fallen upon bad times. 1991-2A, NAIC Proceedings (p13) – Terri Vaughan (NAIC-CEO…
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