Life Insurance: Regulation as Contract Enforcement

Morrison, Alan (2004) Life Insurance: Regulation as Contract Enforcement. Economic Affairs, 24 (4). pp. 47-52.


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.

Item Type: Article
Keywords: regulation; finance
Subject(s): Corporate reputation
Centre: Oxford University Centre for Corporate Reputation
Date Deposited: 12 Dec 2011 14:31
Last Modified: 01 Mar 2017 10:26
Funders: N/A

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