Objective & Applicability

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. 

We handle all kind of dispute relating to Insurance before Tribunal and courts.