This paper outlines the weaknesses in insurance regulation and supervision, which led to the failure of the Guarantee Security Life Insurance Company in Florida in 1991. There are comparisons to more recent failures of financial institutions in Australia, including Goldfields Medical Fund and Commercial Nominees.
|Number of pages||64|
|Journal||Australian actuarial journal|
|Publication status||Published - 2010|
- insurance regulation
- assumption reinsurance
- junk bonds