Regulation
8 topics
McCarran-Ferguson Act
It reversed the Supreme Court decision declaring insurance interstate commerce subject to federal antitrust law, exempting the bus...
National Association of Insurance Commissioners
Members are the commissioners who run state departments. The association writes model laws, from holding company acts to market co...
State Guaranty Associations
Created by state laws after twentieth century insolvency waves left policyholders exposed, they activate when liquidation proves a...
Solvency II
Pillar 1 sets quantitative capital: technical provisions valued to market, a solvency capital requirement from a standard formula ...
Risk-Based Capital
Adopted by the NAIC in the early 1990s after insolvency waves, the charges penalize equities and low grade bonds through asset ris...
Terrorism Risk Insurance Act
After the 2001 attacks produced insured losses near 40 billion dollars and insurers pulled out, construction lending froze for lac...
Insurable Interest
The line between insurance and wager, it was pressed by courts and codified in England by the Life Assurance Act of 1774 after wag...
Subrogation
If an insurer pays a fire claim caused by a neighbor faulty wiring, it can sue the neighbor and keep recoveries up to the amount p...