Surplus Lines Insurance Market

Background & Analysis

Buch | Softcover

62 Seiten

2014
Nova Science Publishers Inc (Verlag)
978-1-63117-976-1 (ISBN)

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In general, insurance is a highly regulated financial product. Every state requires licenses for insurance companies, and most states closely regulate both company conduct and the details of the particular insurance products sold in the state. This regulation is usually seen as important for consumer protection; however, it also creates barriers to entry in the insurance market and typically reduces to some degree the supply of insurance that is available to consumers. Rather than requiring consumers who may be unable to find insurance from a licensed insurer to simply go without insurance, states have allowed consumers to purchase insurance from non-licensed insurers, commonly called non-admitted or surplus lines insurers. Although any sort of insurance could be sold by a surplus lines insurer, most such transactions tend to be for rarer and more exceptional property and casualty risks, such as art and antiques, hazardous materials, natural disasters, amusement parks, and environmental or pollution risks. This book discusses surplus lines insurance, and property and casualty insurance.

Preface; Surplus Lines Insurance: Background & Current Legislation ; Property & Casualty Insurance: Effects of the Non-Admitted & Reinsurance Reform Act of 2010; Index.

Erscheint lt. Verlag	1.9.2014
Verlagsort	New York
Sprache	englisch
Maße	155 x 230 mm
Gewicht	136 g
Themenwelt	Betriebswirtschaft / Management ► Spezielle Betriebswirtschaftslehre ► Versicherungsbetriebslehre
ISBN-10	1-63117-976-4 / 1631179764
ISBN-13	978-1-63117-976-1 / 9781631179761
Zustand	Neuware