caa a22 4500 467930120 CHVBK 20180406152941.0 cr unu---uuuuu 170328e20060301xx s 000 0 eng 10.1007/s11151-006-6642-1 doi (NATIONALLICENCE)springer-10.1007/s11151-006-6642-1 Jaffee Dwight Haas School of Business, University of California, 94720-1900, Berkeley, CA, USA aut Monoline Restrictions, with Applications to Mortgage Insurance and Title Insurance [Elektronische Daten] [Dwight Jaffee] Insurance firms in the United States generally operate on a multiline basis, meaning that they provide coverage for two or more insurance lines, such as auto and homeowner insurance. Most states, however, require that firms offering mortgage or title insurance operate on a monoline basis, meaning that an insurance firm may provide coverage against only one type of risk. This paper investigates the conditions under which monoline restrictions represent efficient regulatory policy. Monoline requirements are an intriguing issue because multiline insurance firms receive the diversification benefit that the firm's capital is available to pay insurance claims on any of its lines. The paper shows, however, that the specific features of the mortgage and title insurance lines create a special case in which monoline restrictions may represent efficient regulatory policy. Springer, 2006 Insurance nationallicence monoline restriction nationallicence mortgage insurance nationallicence title insurance nationallicence Review of Industrial Organization Kluwer Academic Publishers 28/2(2006-03-01), 83-108 0889-938X 28:2<83 2006 28 11151 https://doi.org/10.1007/s11151-006-6642-1 text/html Onlinezugriff via DOI 1 research-article jats NATIONALLICENCE 856 40 https://doi.org/10.1007/s11151-006-6642-1 text/html Onlinezugriff via DOI NATIONALLICENCE 100 1- Jaffee Dwight Haas School of Business, University of California, 94720-1900, Berkeley, CA, USA aut NATIONALLICENCE 773 0- Review of Industrial Organization Kluwer Academic Publishers 28/2(2006-03-01), 83-108 0889-938X 28:2<83 2006 28 11151 Metadata rights reserved Springer special CC-BY-NC licence nationallicence BK010053 XK010053 XK010000 NATIONALLICENCE NATIONALLICENCE NL-springer