NAIC Launches Market Conduct PilotA data collection project that could be used as a basis for targeting market conduct examinations was set to launch last week.
The pilot is being developed by the National Association of Insurance Commissioners in Kansas City, Mo. It is one of several efforts by regulators to streamline the market conduct process so that resources can be used more efficiently.
(Another effort that is underway is a "How-to" guide that would offer regulators guidance on market conduct compliance by focusing on complaints, marketshare, and supplemental pages filed with a company's annual statement.)
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