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Is there any draw back to departments of insurance coverage making impartial and public adjusting corporations topic to market conduct research? Whereas market conduct research, additionally referred to as market conduct examinations, are widespread concerning insurance coverage corporations, why shouldn’t there be common market conduct research of the adjusting organizations?
From the policyholder’s perspective, I’d hope that it will result in higher shopper safety. Unfair strategies of adjustment by both group can be uncovered. Certainly, simply the priority that impartial examiners would evaluation their adjustment practices ought to result in higher adjustment practices that adhere to good religion and authorized practices.
Is there a draw back from the policyholder’s perspective for departments of insurance coverage to conduct common examinations of those adjusting entities? Do any impartial or public adjusters assume that having their recordsdata critically examined is unhealthy for policyholders, and why?
I wrote rather a lot about market conduct research over the previous week, and for these , I’d counsel you begin with What Is a Market Conduct Research.
Thought For The Day
The patron, so it’s stated, is the king… however is he a king who’s being handled in royal style? For the patron’s kingdom is essentially a kingdom of phantasm.
—Franklin D. Roosevelt
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