Is there any draw back to departments of insurance coverage making unbiased and public adjusting companies topic to market conduct research? Whereas market conduct research, additionally referred to as market conduct examinations, are widespread relating to insurance coverage firms, why shouldn’t there be common market conduct research of the adjusting organizations?
From the policyholder’s perspective, I might hope that it will result in larger shopper safety. Unfair strategies of adjustment by both group can be uncovered. Certainly, simply the priority that unbiased examiners would evaluate 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 unbiased or public adjusters suppose that having their recordsdata critically examined is dangerous for policyholders, and why?
I wrote rather a lot about market conduct research over the previous week, and for these , I might counsel you begin with What Is a Market Conduct Research.
Thought For The Day
The patron, so it’s mentioned, is the king… however is he a king who’s being handled in royal style? For the patron’s kingdom is basically a kingdom of phantasm.
—Franklin D. Roosevelt