This paper is an attempt to shed light over legislative control over insurance contracts, in view of the past and present developments in law pertaining to American and European perspectives. Considering the complexities in the legislative functioning and frameworks of different legal systems, particularly in European perspective, this paper will present a fairly generalized outlook of legislative intervention with respect to the governing policies of insurance contracts. In addition, this paper will present a historical picture of development of state laws and regulations pertaining to insurance contracts. Brief aspect of this paper will also embark on the impact of recent changes in relevant legal framework of European countries followed by their accession to the European Union. Latter part of this paper briefly unfolds the comparative analysis of insurance regulations in both the European and American perspectives.
Keywords: American Insurance Laws, Contract Laws, EU insurance contracts., European Insurance Laws, Insurance Laws, Legislative Control
