Business Glossary

law relating to the powers and the procedures of governmental bodies other than courts and legislatures. This type of law affects the rights of private persons through investigations, hearings, rule making, and adjudication.

law created by government regulatory agencies, such as the office of the commissioner of insurance , through decisions, orders, regulations, and rules. For example, rate making hearings conducted by the insurance commissioner are common. Based on the findings of the hearings, rate increases may or may not be granted.