Policy-only liability insurance as alternative to prudential regulation

Schmulow, A 2003, 'Policy-only liability insurance as alternative to prudential regulation', Australian Journal of Corporate Law, vol. 16, no. 1, pp. 38-52.


Document type: Journal Article
Collection: Journal Articles

Title Policy-only liability insurance as alternative to prudential regulation
Author(s) Schmulow, A
Year 2003
Journal name Australian Journal of Corporate Law
Volume number 16
Issue number 1
Start page 38
End page 52
Total pages 15
Publisher LexisNexis Butterworths
Abstract Discussion about alternative method for enforcement of prudential regulation in Australian insurance sector. Argument that prudential regulators incapable of adequately and reliably regulating insurers with reference to HIH collapse. Exploration of feasibility of policy-only liability insurance for direct insurers as replacement for prudential regulation. Comparison of alternative regulation method with other methods such as reinsurance and Ely-Petri model. Contention that proposed market-based regulation risky but alternative and existing methods inadequate.
ISSN 1037-4124
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