Author:
Martin F. Grace and Robert W. Klein
There are strong forces arrayed for and against proposals to reform
insurance regulation in America. This struggle, combined with the
complexity of the issues and cacophony of conflicting arguments, have
likely contributed to legislative inaction. Martin Grace, Robert Klein,
and other experts on insurance and financial regulation help
policymakers, professionals, and scholars cut through the rhetoric to
grasp the implications of different options and the associated facts
and issues. "The Future of Insurance Regulation" enhances research and
informs the debate on restructuring the framework for insurance
regulation in the United States. It evaluates proposed legislation that
would create an Optional Federal Charter (OFC) for insurance companies
and agents. This proposed reform is a major driver of insurance
regulatory framework issues and would have important impacts on firms
and customers. The contributors also go beyond discussion of OFC,
however, laying out the broader context and need for regulatory reform
in the insurance industry. The outline of contents are: Introduction;
Section 1: Overview of Insurance Regulation; Section 2: The Framework
for Insurance Regulation; Section 3: Insurance Regulatory Policies;
and, Section 4: Insurance Regulation, Financial Convergence, and
International Trade. The contributors include John A. Cooke, Robert
Detlefsen, Martin F. Grace, RobertW. Klein, Robert E. Litan, Phil
O'Connor, Hal S. Scott, Harold D. Skipper, and Peter J.Wallison.
