Property and casualty insurers' biggest regulatory compliance problem is failure to properly terminate a policy, according to a study by a consulting firm that listed areas of difficulty.

Policy termination made the top 10 list compiled by Wolters Kluwer Financial Services' Insurance Compliance Solutions group in Waltham, Mass.

The firm said its list is generated from market conduct examinations from all regulatory jurisdictions. David Evans, general manager of Insurance Compliance Solutions at Wolters Kluwer Financial Services, said the information "is pulled from actual examination reports from each state, so there is no opinion involved."

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