Raymond A. Guenter, Elisabeth Ditomassi

Fundamentals of Insurance Regulation (eBook, ePUB)

The Rules and the Rationale

• Format: ePub

Produktbeschreibung

Providing an explanation of the complex state-based regulatory system that governs the insurance industry in the United States, this book presents the applicable statutes, regulations, and judicial decisions, as well as information about the industry's products, procedures, and performance.

For ease of reference, each of the 13 chapters in Fundamentals of Insurance Regulation begins with an introduction or overview that previews the material covered in the chapter. The authors examine and explain these overarching aspects of insurance regulation:

• The three major components of the insurance business: the property/ casualty industry, the life insurance and annuity industry, and the increasingly important health insurance industry
• An overview of the U.S. insurance regulatory system, outlining its objectives, what products it covers, how and by whom regulatory policy is formulated, and a synopsis of the major subject areas of insurance regulation.The rules that govern a specific area of state insurance regulation, including: the organization and licensing of insurance companies; rate-setting; solvency regulations and the mechanisms involved when the regulations don't work; reinsurance; surplus lines; residual and alternative markets; insurance agents and other intermediaries; and devices to protect the consumer
• Federal rules and the interaction between federal and state insurance law and regulation, including the McCarron-Ferguson Act, Dodd-Frank, and Gramm-Leach-Bliley

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Produktdetails

• Verlag: American Bar Association
• Seitenzahl: 750
• Erscheinungstermin: 1. August 2018
• Englisch
• ISBN-13: 9781634256896
• Artikelnr.: 53044950

Autorenporträt

Raymond Guenter is a member of the faculty of Boston University School of Law's Morin Center for Banking and Financial Law Studies, where he has taught Government Regulation of Insurance for the last 20 years. He has also taught Banking Law and Regulation as a lecturer-in-law at the University Of Connecticut School Of Law.

He has been of counsel to the Bergen Law Offices, L.L.C., Albuquerque, New Mexico, for the past 13 years. During 10 years of that association, the Bergen firm represented Amerind Risk Management, a risk pool organized under 12 U.S.C. 477, that offers a variety of insurance products to over 250 Indian tribes, their housing authorities and tribal businesses as well as to individual tribal members. The firm has provided counsel on a broad range of insurance issues including insurance defense work, development of policy forms, corporate structure and the application of federal, state and tribal insurance regulations.

He served as Executive Vice President and General Counsel of Shawmut National Corporation, a regional bank holding company, from 1976 until 1994. He is a member of the Executive Committee of the Connecticut Bar Association's Financial Institutions Section and is a member and past Co-Chair of the Boston Bar Association's Banking Law Committee. He is a Phi Beta Kappa graduate of Syracuse University, and received his LL.B. degree from Harvard Law School.

Publications include: The Insurance Industry and Its Products, ABA-CLE program on Insurance Regulation, November 8, 2001; Rediscovering The McCarran- Ferguson Act's Commerce Clause Limitation, 6 Connecticut Insurance Law Journal 255 (2000); Bank Insurance PowersYesterday, Today and Tomorrow, 17 Annual Review of Banking Law 351 (1998), cited in Bay State Savings Bank v. Baystate Financial Services, LLC., 484 F Supp. 205 (2007), Goldstein v. Savings Bank Life Ins. Co. of Massachusetts, 21 Mass. L. Rptr. 204 (2006) and Bay State Savings Bank v. Bay State Financial Services, LLC, 338 F. Supp. 2d 181 (2004); and The Lance LegacyTitle VIII of the Financial Institutions Regulatory and Interest Rate Control Act of 1978, 96 Banking Law Journal 292 (1979).