SKETCHES FROM A COMPARATIVE STUDY OF AMERICAN AND EUROPEAN INSURANCE REGULATION.

The article discusses a comparative study of insurance integration in the United States and in Europe. The objectives of insurance regulation are described. Preconditions of effective regulation are examined, particularly resources of the regulator, nature of the insurance market, controlling access to the European market, and making the American market controllable. Scaled capital and surplus requirements are likewise investigated. Regulation of marketing and control of policy terms are discussed.