Insurance Law Basics

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There are a variety of different laws governing the purchase and sale of insurance, as well as laws governing the conduct of insurance companies while doing business. Every state in the country has a system in place to regulate their insurance industry and prevent companies from taking advantage of consumers. Insurance companies are under a duty to act in good faith and to deal fairly with consumers, and in some cases, insurance companies may be sued for violating the terms of a policy or for acting in bad faith. To find out more about the field of insurance law and consumer rights relating to insurance, visit the articles and answers to frequently asked questions using the links on this page.