What does Regulator mean? Read on to discover the definition & meaning of the term Regulator - to help you better understand the language used in insurance policies.
A regulator is a term referring to a person or a group who supervises the activities of a certain industry. In insurance, a regulator ensures that the laws, directives, rules, and regulations concerning the insurance industry are followed. Commonly, regulators are state insurance departments directed and authorized by statutory law.
We hope the you have a better understanding of the meaning of Regulator.