General Accounting Office Reports & Testimony: Insurance Regulation: Preliminary Views on States' Oversight of Insurers' Market Behavior.

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Insurance Regulation: Preliminary Views on States' Oversight of Insurers' Market Behavior.

GAO-03-738T May 6, 2003

This testimony provides information on two important tools state insurance regulators use to oversee the market activities of insurance companies--market analysis and market conduct examinations. Market analysis is generallly done in the state insurance departments. It consists of gathering and integrating information about insurance companies' operations in order to monitor market behavior and identify potential problems at an early stage. Market conduct examinations, which are generally done on site, are a review of an insurer's marketplace practices. The examination is an opportunity to verify data provided to the department by the insurer and to ...