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7 J. Ins. Regul. 1 (1988-1989)

handle is hein.journals/jloins7 and id is 1 raw text is: Editor's Perspective Contrary to the impression that may have been created inadvertently by the last two issues of the Journal, there are additional problems in in- surance regulation besides gender-based rating. Much of the Point-Coun- terpoint in those two issues featured that problem. The series has in- terested persons outside our usual readership, including both legislative study and lobbying groups. Others have called to wonder (or to object) about giving so much space to such an issue. (We would have preferred written communications to share with our readers.) Articles for the Journal ofInsurance Regulation are generally problem-oriented. Like it or not, whether to rate by gender is a problem that will not be resolved by ignoring it. Until one understands (although not necessarily agrees with) the arguments of protagonists and antagonists, it is not possible to make principled decisions. Merely passing a law or insisting on change because of inchoate feelings about right and wrong will not solve the problems and may make the first ones seem simple by comparison. Those who have undergone deregulation- airlines, trucks, banks, telephones-know that unforeseen additional problems can and do arise. As a result, this publication believes that the best way to decide what to do about gender problems (or problems of licensing, insolvency, fraud) is to first study the problem and then apply the known (factually and legally) to treating identified trouble spots. That is not always easy of course. We are delighted that in this issue's Point- Counterpoint we can present two gender opinions that deal with the subject that has taken so much Journal space in the last six months. And we confess a certain relief that we are not the administrators or courts (or insurers, for that matter) who must sort out what is presently legally required. But we confess there is a certain relief in turning to other concerns besides gender. For example, in Guaranteed Returns-A Tragedy of the Commons, Actuary Donald Sondergeld presents a particularly thought- ful discussion of a problem that he believes looms potentially large in the sale of guaranteed, interest-sensitive insurance products-unless an NAIC Model Regulation on modified guaranteed investments is passed.