Mortgage Guaranty Insurance: A Unique Style of Insurance
通过分析1981年怀俄明州最高法院关于私人抵押贷款担保保险费率的案例，指出法院和保险专员均存在错误，并利用统计概念估算真实损失率。
This study refers specifically to a 1981 Wyoming Supreme Court case involving the rates charged in Wyoming by private mortgage loan guarantee insurers. The Commissioner of Insurance for the State of Wyoming (Appellee) had denied the premium rate schedules filed by MGIC, Verex and several other private mortgage insurers because of their low historical loss ratios. The Supreme Court stated that the Commissioner failed to consider the multiple factors surrounding this type of insurance and ruled in favor of the insurers. This paper suggests that both the Supreme Court and the Insurance Commissioner erred and that the true loss ratio for private mortgage insurers may be estimated using the statistical concepts presented here.