The body of rules and regulations under which insurers operate continues to expand. A new report from Waltham, Mass.-based Wolters Kluwer Financial Services’ Insurance Compliance Solutions shows a universe of nearly 270,000 state and federal laws and regulations that pertain directly or indirectly to the U.S. insurance industry.
Not surprisingly, the report shows 2009 legislative and regulatory activity--including individual sections of law and regulation, plus advisory documents, such as bulletins and attorney general opinion--has peaked when compared to the previous two years. Specifically, Wolters Kluwer found that more than 10,000 rules were added from January to July 2009.
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