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Life Insurance: Regulation as Contract Enforcement


Alan D. Morrison


University of Oxford - Said Business School; University of Oxford - Merton College

Economic Affairs, Vol. 24, No. 4, pp. 47-52, December 2004

Abstract:     
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.

Number of Pages in PDF File: 6

Accepted Paper Series


Date posted: December 27, 2004  

Suggested Citation

Morrison, Alan D., Life Insurance: Regulation as Contract Enforcement. Economic Affairs, Vol. 24, No. 4, pp. 47-52, December 2004. Available at SSRN: http://ssrn.com/abstract=633416

Contact Information

Alan Morrison (Contact Author)
University of Oxford - Said Business School ( email )
Department of Finance
Park End Street
Oxford OX1 1HP
United Kingdom
+44 18 6527 6343 (Phone)
+44 18 6527 6310 (Fax)
University of Oxford - Merton College
Merton Street
Oxford OX1 4JD
United Kingdom
+44 18 6527 6343 (Phone)
Feedback to SSRN (Beta)


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