To help companies determine if they are susceptible to noncompliance citations, Wolters Kluwer Financial Services has released an annual list of the top 10 reasons insurers are found to be in violation during market conduct examinations. To compile the list, the company’s Insurance Compliance Solutions group reviewed and analyzed the content in last year’s market conduct exams from all over the U.S. The categories with the most criticisms comprise the top 10 lists for both property and casualty insurance and life and health insurance.

“This research can serve as a checklist for insurers so they can assess noncompliance risks,” said Kathy Donovan, manager of government relations for Insurance Compliance Solutions at Wolters Kluwer Financial Services. “If regulators were to conduct an audit today, these are the key areas that would be examined.”

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