Policy-Only Liability Insurance as Alternative to Prudential Regulation in the New Zealand Life Assurance Industry

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Schmulow, Andy (2008) Policy-Only Liability Insurance as Alternative to Prudential Regulation in the New Zealand Life Assurance Industry. Waikato Law Review, 16. pp. 251-263. ISSN 1172-9597

Abstract

This paper will argue that even recent history is littered with examples of failures by the financial regulators to prevent bank and insurer failures in the UK, the US, Australia and elsewhere. This paper argues that regulators are inherently incapable of performing the task. The theoretical basis for which is investigated below. Evidence will be drawn from the collapse of HIH and the role of the Australian Prudential Regulator (APRA) in that collapse.

Item type Article
URI https://vuir.vu.edu.au/id/eprint/3928
Official URL http://search.informit.com.au/documentSummary;dn=6...
Subjects Historical > Faculty/School/Research Centre/Department > Centre for International Corporate Governance Research
Historical > FOR Classification > 1402 Applied Economics
Historical > FOR Classification > 1801 Law
Historical > SEO Classification > 9404 Justice and the Law
Keywords ResPubID15020, ResPubID14811. life insurance, liability insurance, life insurance claims, insurance policies, insurance - economic aspects
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