Question
In: Operations Management
Discuss the key functions of insurance regulation.
Discuss the key functions of insurance regulation.
Solutions
Expert Solution
ANS- The key functions of insurance regulation are given below-
- Monitor the insurance market that processes are being conducted fairly
- Setting up new rules and regulation regarding the insurance policies and products
- Settling the disputes if any, regarding to the insurance claims.
- To take action against insurance companies if they violate the standards set by the insurance regulation.
- Register the insurance companies under insurance regulation.
keosha answered 2 years agoRelated Solutions
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