Regulation


WFII is of the opinion that every country should have specific regulation on insurance intermediation.

 

WFII believes that good and fair regulation/legislation is critical to public confidence in the insurance industry. It will improve the relationship between the insurer, intermediary and consumer/customer and strengthen consumer confidence and protection. Regulation and legislation should also encourage fair competition and protect the integrity of the market. Further, it will provide a facility for those adversely affected by market abuse to seek appropriate redress.

 

 

WFII principles: Regulation on insurance intermediaries (June 2002)  

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