Insurance Code

The Insurance Code is a set of laws and regulations that govern how insurance companies operate, including policies, claims, and practices. It ensures they act fairly, maintain financial stability, and protect consumers’ rights. The code covers aspects like licensing, premiums, coverage requirements, dispute resolution, and penalties for misconduct. Essentially, it provides a legal framework to promote transparency, accountability, and trust in the insurance industry, helping consumers understand their rights and ensuring insurers meet certain standards.