Assertion: regulation | /r/Desires | insurer
Facets:
value: further
type: DEGREE
value: to establishcompliance
type: PURPOSE
value: to train their insurance agents
type: PURPOSE
Source sentences:
text: The Regulation requires insurers to adequately train their insurance agents on an insured’s policies when making a recommendation.
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.