Strauss, Jason (2008): Flexible Rate Filing Insurance Rate Regulation as Alternative to Incentive Incompatibility in Prior-Approval.
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Competition can be an effective regulator of rates in property-casualty insurance markets. While many states have moved to file-and-use or use-and-file provisions, some have adopted flexible rate-filing regulations (flex-rating) as a means of combining competitive forces with prior-approval regulation. This short note proposes a change to flex-rating so that it can be used to gradually transition a state from prior-approval to file-and-use or use-and-file.
|Item Type:||MPRA Paper|
|Original Title:||Flexible Rate Filing Insurance Rate Regulation as Alternative to Incentive Incompatibility in Prior-Approval|
|Keywords:||Insurance, Regulation, Flexible Rate Filing Regulation|
|Subjects:||L - Industrial Organization > L5 - Regulation and Industrial Policy
G - Financial Economics > G2 - Financial Institutions and Services > G22 - Insurance; Insurance Companies
G - Financial Economics > G2 - Financial Institutions and Services > G28 - Government Policy and Regulation
|Depositing User:||Jason Strauss|
|Date Deposited:||19. Oct 2008 07:15|
|Last Modified:||12. Feb 2013 22:18|
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