Life insurance: regulation as contract enforcement
Debating the minutiae of insurance regulation without a clear understanding of why insurance companies are regulated is futile. In this non-technical essay I discuss the economic rationale for insurance business regulation. I conclude that the appropriate role of the regulator in this industry is to...
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| Format: | Working paper |
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University of Oxford
2004
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| _version_ | 1797059865572540416 |
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| author | Morrison, A |
| author_facet | Morrison, A |
| author_sort | Morrison, A |
| collection | OXFORD |
| description | Debating the minutiae of insurance regulation without a clear understanding of why insurance companies are regulated is futile. In this non-technical essay I discuss the economic rationale for insurance business regulation. I conclude that the appropriate role of the regulator in this industry is to enforce contracts which would otherwise be broken. This implies that regulation should be optional, and that regulation need not be a monopoly activity. |
| first_indexed | 2024-03-06T20:10:07Z |
| format | Working paper |
| id | oxford-uuid:2a444944-4d5a-4062-8739-f4b80b5c17e7 |
| institution | University of Oxford |
| last_indexed | 2024-03-06T20:10:07Z |
| publishDate | 2004 |
| publisher | University of Oxford |
| record_format | dspace |
| spelling | oxford-uuid:2a444944-4d5a-4062-8739-f4b80b5c17e72022-03-26T12:24:02ZLife insurance: regulation as contract enforcementWorking paperhttp://purl.org/coar/resource_type/c_8042uuid:2a444944-4d5a-4062-8739-f4b80b5c17e7Bulk import via SwordSymplectic ElementsUniversity of Oxford2004Morrison, ADebating the minutiae of insurance regulation without a clear understanding of why insurance companies are regulated is futile. In this non-technical essay I discuss the economic rationale for insurance business regulation. I conclude that the appropriate role of the regulator in this industry is to enforce contracts which would otherwise be broken. This implies that regulation should be optional, and that regulation need not be a monopoly activity. |
| spellingShingle | Morrison, A Life insurance: regulation as contract enforcement |
| title | Life insurance: regulation as contract enforcement |
| title_full | Life insurance: regulation as contract enforcement |
| title_fullStr | Life insurance: regulation as contract enforcement |
| title_full_unstemmed | Life insurance: regulation as contract enforcement |
| title_short | Life insurance: regulation as contract enforcement |
| title_sort | life insurance regulation as contract enforcement |
| work_keys_str_mv | AT morrisona lifeinsuranceregulationascontractenforcement |