Abstract
Insurance in the United States is regulated by each of the fifty states. Variation in this regulation across states permits a natural experiment for investigation of regulatory effects. There is also considerable variation in regulation across lines of insurance: automobile and other property/casualty insurance premiums are directly regulated in more than half of the states; in contrast, life insurance premiums are only (weakly) regulated in two states. Life insurance regulation is primarily limited to loss reserves.
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© 1986 Jörg Finsinger and Mark V. Pauly
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Pauly, M., Kunreuther, H., Kleindorfer, P. (1986). Regulation and Quality Competition in the US Insurance Industry. In: Finsinger, J., Pauly, M.V. (eds) The Economics of Insurance Regulation. Palgrave Macmillan, London. https://doi.org/10.1007/978-1-349-18397-5_3
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DOI: https://doi.org/10.1007/978-1-349-18397-5_3
Publisher Name: Palgrave Macmillan, London
Print ISBN: 978-1-349-18399-9
Online ISBN: 978-1-349-18397-5
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