Insurance Regulation

Insurance regulation refers to the oversight and control of the insurance industry by government bodies to ensure that insurance companies operate fairly, responsibly, and in accordance with laws and regulations.

Insurance regulators monitor the financial solvency of insurance companies, review and approve insurance products and rates, investigate consumer complaints and allegations of misconduct, and enforce laws and regulations related to insurance.

The goal of insurance regulation is to protect consumers, promote a stable insurance market, and maintain public confidence in the insurance industry.