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Insurance Regulation in the United States: An Overview for Business and Government
 
 
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Insurance Regulation in the United States: An Overview for Business and Government [Hardcover]

Peter M. Lencsis (Author)

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Book Description

May 30, 1997
Insurance attorney Peter Lencsis provides a unique, objective description of the insurance regulatory system as it exists today in the United States. Concise but comprehensive, it provides an easily grasped, immediately useful explanation of how the regulatory system works. Because of the federal McCarran-Ferguson Act, most insurance regulation is left to the individual states, and is thus non-uniform. But there is still a common pattern to state regulation, explains Lencsis, due in large part to the activities of the National Association of Insurance Commissioners and its own uniform standards. Lencsis covers the formation and licensing of insurance companies and the regulation of their underwriting and investment activities, as well as the insurance insolvency laws and guaranty funds, assigned risk plans, reinsurance, holding companies, and the regulation of agents and brokers. An important resource for insurance industry professionals, and others in regulatory agencies of the public sector.

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About the Author

PETER M. LENCSIS is an attorney in private practice in New York City.

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Inside This Book (learn more)
First Sentence:
Business or trade regulation generally means the imposition of specific governmental controls and standards upon business activities which would otherwise be governed only by the decisions of the business owners, the forces of the marketplace, and general law. Read the first page
Key Phrases - Statistically Improbable Phrases (SIPs): (learn more)
guaranty fund laws, alien insurer, assigned risk plans, statutory accounting principles, holding company laws, surplus lines brokers, ceding company, insolvent insurer, insurer members, admitted assets, insurer insolvencies, licensed insurer, member insurers, domestic insurers, rating laws, captive insurer, reinsurance agreements, state insurance laws, foreign insurers, guaranty funds, rating organization, rating plans, insurance regulation, insurable interest, gross premiums
Key Phrases - Capitalized Phrases (CAPs): (learn more)
New York, Law Sec, Code Sec, United States, District of Columbia, Sherman Act, Federal Trade Commission, New Jersey, Commerce Clause, Insurance Information Institute, Journal of Insurance Regulation, Puerto Rico, Virgin Islands, Maine Ins, National Council, Property-Casualty Fact Book, Historical Background, Royal Globe, Federal Insurance Regulation, South-Eastern Underwriters Association
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Front Cover | Table of Contents | First Pages | Index | Back Cover | Surprise Me!
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