NAIC: Unfair Trade Practices Act

Course Description

The purpose of the NAIC Unfair Trade Practices Act (effective January 2004) was to regulate trade practices in insurance in accordance with the intent of Congress and the Gramm-Leach-Bliley Act.  By defining or providing for the determination of all unfair trade practices the NAIC is not recommending that the individual states repeal their existing laws, but they are suggesting they may wish to further define and regulate unfair trade practices. 

 

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