Fundamentals of Insurance Regulation

Providing a clear explanation of the complex state-based regulatory system that governs the U.S. insurance industry, this guide presents the applicable statutes, regulations, and judicial decisions. In addition, it discusses the industry’s products, operating procedures, distribution channels, and financial characteristics and performance. To round out the picture, it describes the core objectives of the regulatory process, how and by whom policy is formulated, and how the rules are enforced. Topics include: limits of state authority and the impact on competition; rate setting; solvency regulation; secondary and alternative markets; consumer protection; preemption under the McCarran-Ferguson Act; health insurance; the NAIC and the future of insurance regulation.