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 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.

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Year of publication:	2004
Authors:	Morrison, Alan

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Type of publication:	Article
Language:	English
Notes:	Morrison, Alan (2004) Life Insurance: Regulation as Contract Enforcement. Economic Affairs, 24 (4). pp. 47-52.
Other identifiers:	10.1111/j.1468-0270.2004.00515.x [DOI]
Source:	BASE

Persistent link: https://www.econbiz.de/10011423587