Insurance compliance

Insurance compliance refers to the process of ensuring that insurance companies and agents follow all laws, regulations, and industry standards set by government authorities. This includes accurately handling claims, maintaining proper documentation, protecting customer data, and avoiding fraudulent practices. Compliance helps ensure that insurance services are fair, transparent, and trustworthy. It also minimizes legal risks for the company and protects consumers from unethical behavior. Essentially, insurance compliance is about making sure the insurance industry operates within the rules to safeguard everyone involved.