Rules and Discretion in Life Insurance Regulation

Alejandro Drexler (), Zain Mohey-Deen and Richard Rosen

Chicago Fed Letter, 2017, No 373

Abstract: In this Chicago Fed Letter, we illustrate how regulators have used rule-based and principle-based approaches to set the minimum level of reserves and capital for insurers. We use examples to show the trend toward more principle-based regulation.

Keywords: Insurance; Life insurance (search for similar items in EconPapers)
Date: 2017
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