Insurers most frequently are criticized for claims-handling, licensing and underwriting issues, according to Wolters Kluwer Financial Services, which unveiled its ninth annual lists of the top 10 criticisms found on U.S. insurance market conduct exams. The annual lists can serve as checklists for P&C and life/health insurers, helping them minimize compliance risk exposure.
Wolters Kluwer’s regulatory experts review and analyze results from the previous year’s state market conduct exams to identify areas with the most criticisms in the property/casualty and life/health markets.
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