What Does Regulatory Estoppel Mean?

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What does Regulatory Estoppel mean? Read on to discover the definition & meaning of the term Regulatory Estoppel - to help you better understand the language used in insurance policies.

Regulatory Estoppel

Regulatory Estoppel

A form of equitable estoppel whereby insurers are prevented, or "stopped," from asserting an interpretation of an insurance policy provision that is contrary to the insurer's explanation of that policy provision to state insurance regulators when the insurer originally sought approval of the policy form from the state department of insurance.

We hope the you have a better understanding of the meaning of Regulatory Estoppel.

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