Assertion: regulation | /r/CapableOf | audit a system of supervision
Facets:
Source sentences:
text: Further, the Regulation requires insurers to establish, maintain, and audit a system of supervision that is reasonably designed to achieve the insurers’ and producers’ compliance with the Regulation, including standards and procedures for the collection of a consumer’s suitability information, documentation and disclosure of the basis for any recommendation for sales transactions, review of complaints received by the insurer about recommendations inconsistent with the best interest of the consumer, and the auditing and/or contemporaneous review of recommendations to monitor producers’ compliance with the Regulation.