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 article I discuss the economic rationale for insurance business regulation and conclude that the appropriate role of the regulator is to enforce contracts which mig...
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| Format: | Journal article |
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2004
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| _version_ | 1797074629494308864 |
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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 article I discuss the economic rationale for insurance business regulation and conclude that the appropriate role of the regulator is to enforce contracts which might otherwise be broken. I argue that if this is the case, regulation should be optional, and that it need not be a monopoly activity. |
| first_indexed | 2024-03-06T23:38:59Z |
| format | Journal article |
| id | oxford-uuid:6ea4f2f7-a700-48c4-98e6-41c67a1e43b6 |
| institution | University of Oxford |
| last_indexed | 2024-03-06T23:38:59Z |
| publishDate | 2004 |
| record_format | dspace |
| spelling | oxford-uuid:6ea4f2f7-a700-48c4-98e6-41c67a1e43b62022-03-26T19:25:44ZLife Insurance: Regulation as Contract EnforcementJournal articlehttp://purl.org/coar/resource_type/c_dcae04bcuuid:6ea4f2f7-a700-48c4-98e6-41c67a1e43b6Saïd Business School - Eureka2004Morrison, ADebating the minutiae of insurance regulation without a clear understanding of why insurance companies are regulated is futile. In this article I discuss the economic rationale for insurance business regulation and conclude that the appropriate role of the regulator is to enforce contracts which might otherwise be broken. I argue that if this is the case, regulation should be optional, and that it 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 |