regulated assets, with these partially funded by large amounts of long-term debt that is not guaranteed by Berkshire. Our credit is in fact not needed because each company has earning power that even under terrible economic conditions will far exceed its interest requirements. Last year, forexamp...
Should a Regulatory Body Control Insurance Policies Ex Ante or Is Ex Post Control More Effective?No abstract is available for this item.doi:10.1057/gpp.1994.4Per-Olof BjuggrenDan Magnusson…Association Internationale Pour l'Étude de l'Économie de l'Assurance / International Association for the...
Article 9?Insurance supervisory and regulatory body under the State Council shall 1/21 exercise supervision and administration of the insurance business according to the provisions of this law. Chapter II Insurance Contract Section 1 General Provisions Article 10?An insurance contract is an agreement ...
Why is the cost of resolving insurance company failures so high? Evidence in this article suggests that the state insurance regulatory bodies in charge of the liquidation process turn over an average of only $0.33 for each $1.00 of pre-insolvency assets to the guaranty funds (the state agencies...
Posted on October 5, 2024Author National Law ForumCategories Administrative & Regulatory, Consumer Protection, Financial Services Law, Insurance, Tax, Transportation, UtilitiesTags Audits, auto dealers, collateral, Cox Automotive, dealer failure, documentation, equipment dealers, financial institutions, financ...
Article9 Insurance supervisory and regulatory body under the State Council shall exercise supervision and administration of the insurance business according to the provisions of this law. Chapter II Insurance Contract Section 1 General Provisions
Efforts are underway to reform and optimize insurance practices for new energy vehicles. Regulatory bodies aim to refine pricing mechanisms to make insurance more affordable, thereby encouraging broader adoption of new energy vehicles. Car manufacturers are also stepping into the insurance industry, aiming...
Content Chapter I General Provisions Chapter II Insurance Contract Section 1 General Provisions Section 2 Property Insurance Contract Section 3 Life Insurance Contract Chapter III Insurance Company Chapter IV Insurance Operational Rules Chapter V Supervision and Administration of the Insurance Business Chapter...
essentials which an individual should have for the more stable future of his family in his absence.In India, 24 Life Insurance Companies are operating, approved, and Recognized by IRDAI (Insurance Regulatory and Development Authority of India), a regulatory body of the insurance and reinsurance ...
Insurance firms are frequently obliged toseek a license or registrationfrom the regulatory body in the country where they conduct business. This makes sure that only reputable and solidly-capitalized businesses may provide insurance goods. Insurance regulators oftenset financialsolvencycriteriato make sure ...