2023-07-28 | 29769

Issuance of the Market Conduct Guideline for Registrants under the Insurance Act 2018

The Insurance Sector regulator issued a Market Conduct Guideline for registrants under the Insurance Act 2018. The guideline establishes mandatory compliance standards and operational requirements for insurance entities, outlining specific conduct expectations across product design, distribution, and claims management. It further clarifies enforcement mechanisms and reporting obligations to ensure consistent market practices and protect consumer interests.

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