Forums » Life Insurance

Regulation or marketting conduct

    • 144 posts
    February 27, 2014 7:49 AM IST



      Market conducts laws regulate how insurance companies conduct their business within the




      Marketing of Insurance Products:

    • It provides license to the insurance company and ensures the sales agents are reputable
    • and knowledgeable about the product.
    • Agent’s license is provided if the Agent is
    • Sponsored for licensing by a licensed insurance company.
    • Complete approved educational course work.
    • Reputable character and provide assurance.
    • Agent’s license is renewed each year.


     Policy Forms:

    • A policy form is a standardized contract form that shows the terms, conditions, benefits, and ownership rights of a particular insurance product.
    • Policy form should be approved by state insurance department.
    • Here the language is simplified.

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