Monoline Restrictions, With Applications to Mortgage Insurance and Title Insurance
- Topics:
- Insurance
- Tags:
- Business Operations,
- Corporate Insurance,
- Finance,
- Financial Planning,
- Insurance,
- Mortgage,
- Title Insurance
- Source:
- University of California
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Overview: The key goal of this paper is to investigate the conditions under which monoline restrictions represent sensible regulatory policy. This is an intriguing question because multiline insurance structures have the obvious diversification benefit that the firm's capital is available to support claims against any of its lines. Indeed, all states allow most casualty insurance lines, such as auto and homeowners insurance, to operate on a multiline basis. Monoline restrictions require that insurance firms sell only a single line of insurance, in contrast to multiline firms which may sell more than one insurance line on an integrated basis.
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Format: PDF | Size: 276KB | Date: Jan 2003 | Pages: 24
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