market conduct regulation

Definition of "market conduct regulation"
  1. State laws overseeing insurers' operations, including sales, advertising, underwriting, setting prices, and settling claims
How to use "market conduct regulation" in a sentence
  1. The insurance company’s advertising strategies had to fall within the bounds of market conduct regulation.
  2. Due to market conduct regulation, the insurer adjusted their price-setting practices.
  3. The company was obliged to stick to claim settlement processes as outlined under market conduct regulation.

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