Regulating Property and Liability Insurance Rates through Excess Profits Statutes
探讨了六个州要求汽车保险公司将超额利润返还给保单持有人的超额利润法规，分析了制定和实施中的关键问题，并审查了佛罗里达和纽约两州的实施案例，最后讨论了支持与反对此类法规的论点。
Excess profits statutes in six states require automobile insurers to return excess profits, if any, to their policyholders. This article discusses the issues that must be resolved in drafting and implementing an excess profits statute. For example, what is the long-run reasonable rate of return? What allowance should be made for short-run fluctuations around the reasonable rate of return? The article also examines carefully the only two statutes (Florida and New York) that have been implemented to date. Finally, it presents the cases for and against excess profits statutes as a supplement to existing forms of property and liability insurance rate regulation.