/ɪnˈʃʊrəns lɔː/ – Phrase
Definition: luật bảo hiểm.
A more thorough explanation: Insurance law refers to the body of laws and regulations that govern the business of insurance, including the formation and operation of insurance contracts, the rights and duties of policyholders and insurers, and the regulation of insurance companies by government authorities.
Example: In accordance with insurance law, the policyholder must disclose all relevant information to the insurer when applying for coverage.