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Insurance regulatory law is the body of statutory law, administrative regulations and jurisprudence that governs and regulates the insurance industry and those engaged in the business of insurance. Insurance regulatory law is primarily enforced through regulations, rules and directives by state insurance departments as authorized and directed by statutory law enacted by the state legislatures. However, federal law, court decisions and administrative adjudications also play an important role.〔 == Purpose == Insurance is characterized as a business vested or affected with the public interest.〔 Thus, the business of insurance, although primarily a matter of private contract, is nevertheless of such concern to the public as a whole that it is subject to governmental regulation to protect the public’s interests.〔 Therefore, the fundamental purpose of insurance regulatory law is to protect the public as insurance consumers and policyholders. Functionally, this involves: * Licensing and regulating insurance companies and others involved in the insurance industry; * Monitoring and preserving the financial solvency of insurance companies; * Regulating and standardizing insurance policies and products; * Controlling market conduct and preventing unfair trade practices; and * Regulating other aspects of the insurance industry.〔 抄文引用元・出典: フリー百科事典『 ウィキペディア（Wikipedia）』 ■ウィキペディアで「Insurance regulatory law」の詳細全文を読む スポンサード リンク
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