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Titlebook: Benefits, Costs, and Cycles in Workers’ Compensation; Philip S. Borba,David Appel Book 1990 Kluwer Academic Publishers 1990 Distribution.e

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期刊全稱Benefits, Costs, and Cycles in Workers’ Compensation
影響因子2023Philip S. Borba,David Appel
視頻videohttp://file.papertrans.cn/184/183428/183428.mp4
學(xué)科分類Huebner International Series on Risk, Insurance and Economic Security
圖書封面Titlebook: Benefits, Costs, and Cycles in Workers’ Compensation;  Philip S. Borba,David Appel Book 1990 Kluwer Academic Publishers 1990 Distribution.e
影響因子Workers‘ compensation insurance presents a set of institutional charac- teristics that are unique. For every other form of insurance, both the insurer and the coverage provided under the policy are completely controlled either by the federal or a state government, or by an arrangement between the insured and a property-casualty insurer. Unemployment insurance, Social Security, and bank-deposit insurance are examples for which a legis- lative body sets the benefits. and a government agency prescribes the in- surance premium. By contrast, the coverage and premiums for automobile, homeowners, and fire insurance are individual contractual arrangements between a policyholder and one of the more than 1800 U. S. property- casualty insurance companies. Workers‘ compensation insurance, however, is a hybrid in which state legislatures stipulate the terms of coverage, while regulated competition is the major determinant of prices. State legislatures enact statutes that prescribe the replacement rate and duration of indemnity benefits, as well as full reimbursement of medical expenses. And although the manual rates for workers‘ compensation insurance continue to be administered by a prior appr
Pindex Book 1990
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978-94-010-7476-6Kluwer Academic Publishers 1990
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Hideshi Yoshikawa,Kachio Tasaka. In a world of perfect information and competitive markets for insurance, there should be no moral hazard with respect to workers’ compensation, since both job risk and risk severity would be observed exactly by the insurer, the employer buying insurance, and the workers receiving the benefits. Mor
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