Insurance Investment Regulation [Discussion]

Mr. Bailey, in his paper "Insurance Investment Regulation," has undertaken a large order. He has attempted, as he stated in his introduction, (1) to review the purpose and present method of insurance investment regulation, (2) to describe some of the shortcomings of the present methods, (3) to suggest some principles for achieving the purpose of insurance regulation, and (4) to present suggested legislation designed to remedy some of the present shortcomings.