Economic Implications of the Fair Insurance Practices Act PDF Download
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Author: United States Accounting Office (GAO)
Publisher: Createspace Independent Publishing Platform
ISBN: 9781719290951
Category :
Languages : en
Pages : 46
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Book Description
Economic Implications of the Fair Insurance Practices Act
Author: United States Accounting Office (GAO)
Publisher: Createspace Independent Publishing Platform
ISBN: 9781719290951
Category :
Languages : en
Pages : 46
Get Book Here
Book Description
Economic Implications of the Fair Insurance Practices Act
Author:
Publisher:
ISBN:
Category :
Languages : en
Pages :
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Book Description
Author: U S Government Accountability Office (G
Publisher: BiblioGov
ISBN: 9781289018658
Category :
Languages : en
Pages : 50
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Book Description
In response to a congressional request, GAO reviewed the economic implications of the proposed Fair Insurance Practices Act. Specifically, GAO reviewed: (1) how cost considerations vary by type of insurance; and (2) the effect that unfunded liabilities in pension plans would have on the ability of pension plans to meet the minimum funding requirements of the Employee Retirement Income Security Act. The bill would require that unequal insurance contracts of equally situated males and females be equalized, either by equalizing premiums on contracts with equal coverages or by equalizing coverages on policies with equal premiums. On long-term contracts whose premiums cannot be increased or coverages reduced, coverages would probably have to be increased or premiums reduced for the sex which is disadvantaged by sex-distinct pricing. GAO found that the bill would result in unfunded liabilities totalling between $16 and $32 billion which would directly affect insurance companies and pension plans. GAO believes that most pension plans would be able to effectively fund their increased liabilities with significantly less difficulty than would insurance companies. GAO concluded that, although the redistributive effects of the legislation are impossible to estimate, they would be significant and the administrative costs would be substantial.
Author: United States. General Accounting Office
Publisher:
ISBN:
Category : Discrimination in insurance
Languages : en
Pages : 39
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Book Description
Author: United States. General Accounting Office
Publisher:
ISBN:
Category :
Languages : en
Pages : 8
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Author: United States. Congress. Senate. Committee on Commerce, Science, and Transportation
Publisher:
ISBN:
Category : Civil rights
Languages : en
Pages : 438
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Author: United States. Congress. Senate. Committee on Commerce, Science, and Transportation
Publisher:
ISBN:
Category : Civil rights
Languages : en
Pages : 200
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Author: United States. Congress. Senate. Committee on Commerce, Science, and Transportation
Publisher:
ISBN:
Category : Civil rights
Languages : en
Pages : 420
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Author: United States. General Accounting Office
Publisher:
ISBN:
Category :
Languages : en
Pages : 444
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Book Description
Catalog of reports, decisions and opinions, testimonies and speeches.
Author: United States. General Accounting Office
Publisher:
ISBN:
Category : Finance, Public
Languages : en
Pages : 154
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Book Description
