Working paper
Life insurance: regulation as contract enforcement
- Abstract:
- 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.
- Publication status:
- Published
Actions
Access Document
- Files:
-
-
(Version of record, bin, 43.2KB, Terms of use)
-
Authors
- Publisher:
- University of Oxford
- Series:
- Department of Economics Discussion Paper Series
- Publication date:
- 2004-04-01
- Paper number:
- 2004-FE-09
- Keywords:
- Pubs id:
-
1144246
- Local pid:
-
pubs:1144246
- Deposit date:
-
2020-12-15
- ARK identifier:
Terms of use
- Copyright date:
- 2004
- Rights statement:
- Copyright 2004 The Author(s)
If you are the owner of this record, you can report an update to it here: Report update to this record