law, and consumer law. This article reexamins the insurance misrepresentation rule under the RLLI, ands compares it to … insurance law in China. This comparison demonstrates the struggle between preference for insured or insurer. We have …-to-the-loss approach and others, from not only the perspective on either party of insurance contract, but also the overall efficiency of …

SWD-Schlagwörter: Versicherung, Versicherungsvermittler, Verbraucherschutz, Haftung, Ökonomische Theorie des Rechts …. - Freie Schlagwörter (Englisch): Insurance, Intermediary, Consumer Protection, Liability, Law and Economics …

Insurance guarantee schemes aim to protect policyholders from the costs of insurer insolvencies. However, guarantee …-shifting behavior for insurance guarantee schemes under the two different financing alternatives: a flat-rate premium assessment versus … expected utility. We find that the risk-based insurance guarantee scheme can only mitigate the insurer's risk-shifting behavior …

Insurance regulation is typically aimed at policyholder protection. In particular, regulators attempt to ensure the … financial "safety" of insurance firms, for example, by means of capital regulation, and to enhance the "affordability" of … insurance, for example, by means of price ceilings. However, these goals are in conflict. Therefore, we identify situations in …

This paper compares the shareholder-value-maximizing capital structure and pricing policy of insurance groups against … instruments. We show that using these instruments enables the group to offer insurance with less default risk and at lower … group building being beneficial for shareholders but detrimental for policyholders. -- Insurance groups ; insurer default …

Persistently high profits on “insurance” for small value losses sold as an add-on to other products or services (such … insurance sold with a loan) pose a twofold challenge to the standard economic analysis of insurance. First, expected utility … theory teaches that people should not buy insurance for small value losses. Second, the market should not in the long run …

A very active sector in recent years (2002-2008) for Romania is the insurance industry. Both individuals and companies … need protection that should become more accurate. Given these aspects, sustained by a steady growth of the insurance market …, in Romania the issue of protection of policyholders – as consumers of services (insurance) appeared. Inside this paper we …

banking and insurance disputes. For the cases studied, it finds that courts have generally granted relief to consumers in … banking disputes. In the case of insurance, courts have emphasised contractual compliance. This is so even if the contracts …