- Abstract:
- 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.
- Publication date:
- 2004-01-01
- URN:
-
uuid:6ea4f2f7-a700-48c4-98e6-41c67a1e43b6
- Local pid:
- oai:eureka.sbs.ox.ac.uk:1688
- Copyright date:
- 2004
Journal article
Life Insurance: Regulation as Contract Enforcement
Actions
Authors
Bibliographic Details
Terms of use
If you are the owner of this record, you can report an update to it here: Report update to this record