Insurance Regulation

Insurance Regulation,

Insurance Regulation means,

Insurance regulation refers to the government overseeing the insurance market in order to ensure fairness and professionalism among those working for the insurance industry, to prevent the market from collapsing and to make insurance democratic. Rules will apply to the sector and an agency will be set up to ensure compliance.

Literal Meanings of Insurance Regulation

Insurance:

Meanings of Insurance:
  1. The process or arrangement in which a company or government agency guarantees compensation for some loss, injury, illness or death in exchange for premium payments.

  2. Anything that provides protection against possible emergencies.

Sentences of Insurance
  1. Adherence to high standards of personal conduct is the best protection against personal problems.

Synonyms of Insurance

safety measure, provision, indemnity, immunity, shelter, surety, preventive measure, defence, financial protection, cover, protection, safeguard, precaution, indemnification, security

Regulation:

Meanings of Regulation:
  1. Rules or instructions that are stated and maintained by the authorities.

  2. The act or process of organizing or governing.

Sentences of Regulation
  1. City decree

  2. Financial market regulation

Synonyms of Regulation

act, canon, balancing, law, synchronization, management, fiat, tuning, rule, dictate, decree, edict, directive, control, precept, statute, dictum, pronouncement, requirement, prescription