Market conduct exam

{
  "id": "MLC-T-INS-002130",
  "term": "Market conduct exam",
  "field": "Insurance and risk management",
  "definition": "An investigation conducted by state insurance regulators to assess an insurer's compliance with laws and regulations governing its business practices, beyond financial solvency. These exams scrutinize areas such as sales, advertising, underwriting, claims handling, and policyholder service. Findings can lead to fines, penalties, or corrective action plans for the insurer.",
  "url": "https://mlchart.com/terminology/insurance/market-conduct-exam/"
}