Regulatory estoppel

{
  "id": "MLC-T-INS-002838",
  "term": "Regulatory estoppel",
  "field": "Insurance and risk management",
  "definition": "A legal doctrine that prevents an insurer from denying coverage based on an interpretation of policy language that contradicts representations made to regulatory authorities during the policy approval process. This principle holds insurers accountable for the meaning of policy terms as presented to state insurance departments. It aims to protect policyholders from inconsistent interpretations of their coverage.",
  "url": "https://mlchart.com/terminology/insurance/regulatory-estoppel/"
}