Legal Document: Policyholder Protection Act

The Policyholder Protection Act is a law designed to safeguard the rights of individuals who purchase insurance policies. It ensures that policyholders are treated fairly by insurance companies, requiring transparent communication, clear policy terms, and proper handling of claims. The act also establishes regulations to prevent unfair practices, helps resolve disputes, and maintains financial stability within the insurance industry. Overall, it aims to give policyholders confidence that their interests are protected and that they will receive fair treatment throughout their insurance experience.