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On The Policy And Expediency Of Granting Insurance Charters By Sir F. M. Eden - Softcover

Frederick Morton Eden

 
9780461723274: On The Policy And Expediency Of Granting Insurance Charters By Sir F. M. Eden

Synopsis

On The Policy And Expediency Of Granting Insurance Charters By Sir F. M. Eden — Frederick Morton Eden. Frederick Morton Eden's 1806 treatise analyzes whether Parliament should grant charters to insurance companies. It surveys the principles of personal unlimited liability versus joint-stock funds as security for the public, and examines the history of marine, fire, and life insurances. The work discusses the Royal Exchange and London Assurance, the Globe Insurance charter, and the Privy Council and Attorney General opinions on insurance charters, including the South Sea Bubble's impact on state finance. Eden argues that competition and properly capitalized joint-stock enterprises can improve security, transparency, and credit in insurance, while exclusive privileges risk public harm. He outlines six leading objections to charters and offers regulatory approaches, including limiting monopolies and ensuring capital adequacy. The appended material includes petitions and parliamentary proceedings illustrating the policy debates of the era, and Eden's conclusions advocate a balanced, law-governed expansion of insurance capacity that serves public interests.

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