Missing claims deadlines, improper policy termination and failure to pay claims properly top the list of reasons why property-casualty insurers are out of compliance during market conduct exam, according to the 5th annual listing by Wolters Kluwer Financial Services, a Minneapolis provider of compliance, content, and technology solutions and services. The list separates property-casualty from life and health insurers.
Property-casualty insurance market conduct compliance criticisms
1. Failure to acknowledge, pay or deny claims within specified time frames
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