Fundamentals of Insurance Regulation (eBook)

The Rules and the Rationale

Raymond A. Guenter, Elisabeth Ditomassi (Autoren)

eBook Download: EPUB

2018
750 Seiten
American Bar Association (Verlag)
978-1-63425-689-6 (ISBN)

Infos

Providing a clear explanation of the complex state-based regulatory system that governs the U.S. insurance industry, this guide presents the applicable statutes, regulations, and judicial decisions. In addition, it discusses the industry’s products, operating procedures, distribution channels, and financial characteristics and performance. To round out the picture, it describes the core objectives of the regulatory process, how and by whom policy is formulated, and how the rules are enforced. Topics include: limits of state authority and the impact on competition; rate setting; solvency regulation; secondary and alternative markets; consumer protection; preemption under the McCarran-Ferguson Act; health insurance; the NAIC and the future of insurance regulation.

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For ease of reference, each of the 13 chapters in Fundamentals of Insurance Regulation begins with an introduction or overview that previews the material covered in the chapter. The authors examine and explain these overarching aspects of insurance regulation:The three major components of the insurance business: the property/ casualty industry, the life insurance and annuity industry, and the increasingly important health insurance industryAn overview of the U.S. insurance regulatory system, outlining its objectives, what products it covers, how and by whom regulatory policy is formulated, and a synopsis of the major subject areas of insurance regulation.The rules that govern a specific area of state insurance regulation, including: the organization and licensing of insurance companies; rate-setting; solvency regulations and the mechanisms involved when the regulations dont work; reinsurance; surplus lines; residual and alternative markets; insurance agents and other intermediaries; and devices to protect the consumerFederal rules and the interaction between federal and state insurance law and regulation, including the McCarron-Ferguson Act, Dodd-Frank, and Gramm-Leach-Bliley

Autor

Raymond A. Guenter is a member of the faculty of Boston University School of Law’s Morin Center for Banking and Financial Law Studies in Boston, Massachusetts, where he has taught Government Regulation of Insurance for the last 20 years. He is also of counsel to the Bergen Law Offices, L.L.C., Albuquerque, New Mexico, where he counsels client on a broad range of insurance issues. Elisabeth Ditomassi is a member of the faculty of Boston University School of Law’s Morin Center for Banking and Financial Law Studies in Boston, Massachusetts. Currently she is Head of Compliance and Regulatory Affairs for North America for a large global insurer that offers specialty property and casualty coverages in the insurance and reinsurance markets worldwide and in Lloyd’s markets throughout the world through its Lloyd’s Syndicate.

Produkt-Details

• Erscheint lt. Verlag: 1.8.2018
• Sprache: englisch
• Themenwelt: Recht / Steuern ► EU / Internationales Recht
• Themenwelt: Recht / Steuern ► Öffentliches Recht
• Themenwelt: Recht / Steuern ► Wirtschaftsrecht ► Bank- und Kapitalmarktrecht
• Schlagworte: Fundamentals of Insurance Regulation: The Rules and the Rationale • life insurance and annuity industry, • the casualty industry • the casualty industry and the law • the property industry • the property industry and the law • U.S. insurance industry
• ISBN-10: 1-63425-689-1 / 1634256891
• ISBN-13: 978-1-63425-689-6 / 9781634256896