Market Conduct
/ˈmɑːrkɪt ˈkɒndʌkt/
Definitions
- (n.) Behavior of businesses in commercial markets, especially regarding fairness, compliance with regulations, and ethical standards.
Regulators investigate companies for unfair market conduct to protect consumers.
- (n.) In insurance law, the practices of insurers and agents in sales, claims handling, and customer interactions to ensure compliance with insurance regulations.
Market conduct examinations assess whether insurers follow legal standards in policy issuance and claims processing.
Forms
- market conduct
Related terms
See also
Commentary
The term encompasses both general commercial behavior and specific regulatory compliance in sectors like insurance; clarity on context helps in precise application.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.