Fundamentals of Insurance Regulation: The Rules and the Rationale - Raymond A Guenter

Fundamentals of Insurance Regulation: The Rules and the Rationale Raymond A Guenter ISBN 9781634256889

This book offers a clear and comprehensive explanation of the complex, state-based regulatory framework that governs the U.S. insurance industry. It brings together the relevant statutes, regulations, and judicial decisions, while also providing essential context on insurance products, industry practices, and market performance.

For ease of use, each of the 13 chapters in Fundamentals of Insurance Regulation opens with a concise overview that previews the key topics addressed. The authors then examine and explain the core elements of insurance regulation, including:

• The three principal segments of the insurance business: property and casualty insurance, life insurance and annuities, and the increasingly significant health insurance sector

• The structure and objectives of the U.S. insurance regulatory system, including the products it governs, how regulatory policy is developed, who enforces it, and the major subject areas of regulation

• State regulatory rules affecting specific aspects of the insurance industry, such as the organization and licensing of insurers; rate regulation; solvency oversight and receivership mechanisms; reinsurance; surplus lines; residual and alternative markets; regulation of agents and other intermediaries; and consumer protection measures

• Federal insurance regulation and the interaction between federal and state law, with discussion of key statutes including the McCarran-Ferguson Act, Dodd-Frank, and Gramm-Leach-Bliley

Written as both a foundational text and a practical reference, this book equips readers with a thorough understanding of how insurance regulation functions in the United States and how its various components work together in practice.

Fundamentals of Insurance Regulation: The Rules and the Rationale Raymond A Guenter ISBN 9781634256889, 978-1634256889 & 9781634256896

Authors
Raymond A Guenter
Elisabeth Ditomassi