Page 77 - M1_Insurance Introduction Notes

computer systems so that any required information

can be easily retrieved at any time. They also

develop and test new systems and procedures for

the company, install them and ensure that they

operate efficiently and effectively.

9. LEGAL AND COMPLIANCE

The employees in this department play an

important role in ensuring that the company is

complying with all the regulations and laws in the

country. They develop the policy forms, contracts

for agents, etc., in line with the existing rules and

regulations and also advise the staff and

management on any legal issues. In case there is

any dispute arising out of a claim, the attorneys

77