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Define: Good Industry Practice

The meaning of “Good Industry Practice” differs based on where it is used. We list many below, then combine them into one or more market-standard definitions.

Which definition should you use?

🤔 has combined and improved the above descriptions to create market-standard 'Genie definitions' below, with guidance on which documents and which industry to use for each.

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What is the most popular definition of 'Good Industry Practice'?

using standards, practices, methods and procedures conforming to the law and exercising that degree of skill and care, diligence, prudence and foresight which would reasonably and ordinarily be expected from the Mutual with its level of experience in the Services;