Government Regulation of Insurance Companies

  • Henry Ellis


Exact details of laws regulating insurance companies may vary from country to country, but they typically follow the same pattern. First, legislators prescribe a licensing system controlling access to the national insurance market. Usually unlicensed insurers are also forbidden from transacting business. Secondly, the regulatory authority is given special powers to enable it to monitor the trading activities of licensed insurers. The more important of these ‘ongoing’ regulatory powers usually takes the form of financial and accounting requirements. The licensing and control of insurance companies are discussed in detail later on, but first a short rationale for the general regulation of insurance companies is necessary.


Life Insurance Insurance Contract Life Insurer License Insurer Policy Reserve 
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References and recommended reading

  1. Carter, R.L. (ed.), (1973) Handbook of Insurance (Brentford, Middlesex: Kluwer Publishing Limited), (continuously updated).Google Scholar
  2. Ellis, T.H. (1980) European Integration and Insurance (London: Witherby & Co Ltd).Google Scholar
  3. Ellis, T.H. and J.A. Wiltshire (1986) Regulation of Insurance in the UK and Ireland (Brentford, Middlesex: Kluwer Publishing Limited), (continuously updated).Google Scholar
  4. Kimball, S.L. and W. Pfennigstorf (1981) Regulation of Insurance Companies in the US and the European Communities: A Comparative Study (International Insurance Advisory Council, Chamber of Commerce of the United States).Google Scholar
  5. Mathewson, G., R. Wither, C. Campbell and T. Gussman (1983) Regulation of Canadian Life Insurance Market: Some Issues Affecting Consumers (Ottawa: Canadian Bureau of Consumer and Corporate Affairs).Google Scholar

Copyright information

© Stephen Diacon 1990

Authors and Affiliations

  • Henry Ellis

There are no affiliations available

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