Regulatory Law: Defined

Regulatory law is the body of laws, rules and regulations with which a person or business subject to regulation by an administrative agency must comply.
Regulatory Law is the body of statutory law, administrative regulations and jurisprudence that governs certain persons and/or industries regulated by governmental administrative agencies. Regulatory law is the system of laws and regulations implemented and enforced by an administrative agency to control, govern and/or administer the subject or activity that the agency has been charged with administering.

The terms ‘regulatory law’ and ‘administrative law’ are usually considered synonymous.However, a distinction can be made between the two terms in terms of focus. Administrative law can be seen, generally, as focused on the administrative rules and procedures that establish, empower and direct government agencies, including the scope and enforcement power of their authority.

Regulatory Law is the body of statutory law, administrative regulations and jurisprudence that governs certain persons and/or industries regulated by governmental administrative agencies.
On the other hand, regulatory law can be seen as the set of laws, rules and regulations with which a person subject to regulation by a government agency must comply. Administrative law can also be defined as the body of law governing administrative agencies, while regulatory law can be seen as the body of law governing those subject to administration by such an agency.

Necessarily, the two bodies of law overlap substantially. The authority and scope of the rules and regulations applicable to a person subject to regulation by an administrative agency are limited by the authority and scope of the administrative law governing that agency—except where another source of law may be applicable.

In the area of insurance regulatory law, for example, insurance companies and insurance agencies are governed by their state insurance departments, and those the rules and regulations to which they are subject are limited, for the most part, by the authority and scope of the administrative law governing those state insurance departments. However, exceptions arise in those particular areas where federal law is applicable to insurance companies and insurance agencies.
 

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