Paige Waters and
Gary Hernandez co-authored "Insurer Solvency Regulation," Chapter 14, Volume 2, of the
New Appleman on Insurance Law Library Edition, a leading source for understanding both the basics and the nuances of insurance law. Former Sonnenschein Partner Gary Cohen authored Chapter 8, Volume 2, "Framework of Insurance Regulation."
Waters and Hernandez provide detailed and complete information about insurance solvency regulation, which is designed to ensure that insureres have adequate assets to honor their promises to policyholders. They also describe tools that insurance regulators use to monitor, detect and identify potential financial problems and act quickly, plus much more.
Cohen presents a clear, concise overview of the way in which the business of insurance is regulated. His chapter describes the history of state-based regulatory structure and the broad powers that state insurance departments have in regulating every aspect of the business. He provides an excellent guide to understanding industry regulation and where it may be headed.
Volume 2, available now, takes a comprehensive look at "Insurance Regulation." Volume 1, published last fall, covers "Essentials of Insurance law."
