Reference no: EM133035216

Question 1: Explain why the field of insurance has been regarded as a type of business that requires government regulation.

Question 2: Precisely what is meant by the statement that insurance is an industry that is vested in the public interest.

Question 3: Identify the landmark decisions and statutes that led to the present status of insurance with respect to the federal antitrust laws.

Question 4: Briefly outline the provisions of Public Law 15.

Question 5: Describe the four principal approaches to rate regulation in the property and liability field.

Question 6: List and briefly explain the statutory requirements with respect to insurance rates.

Question 7: Distinguish among a domestic company, a foreign company, and an alien company.

Question 8: Describe the operation of the state insolvency funds. To what types of insurers do they apply?

Question 9: Briefly describe the arguments for and against federal regulation of insurance.

Question 10: What arguments would probably be advance by those opposing a change from a prior approval rating law to an open competition law? What arguments would be advanced by those who favored the change?