9781528132091: Codification of Life Insurance Laws

Synopsis

This book is part of the continuing debate over insurance law reform in the late 19th century. The author provides a contextual overview of the life insurance industry and presents a detailed analysis of the proposed bill by the Massachusetts Commissioner of Insurance. The author raises concerns over the bill's reliance on arbitrary valuation of assets, and its potential impact on the solvency and surplus of insurance companies. Concerns are also raised over the bill's attempt to standardize all insurance contracts to provide identical benefits, which the author sees as running contrary to the principles of insurance and individual autonomy. The author concludes that the bill's provisions, if enacted, would have a negative impact on the insurance industry and the public it serves.

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