Public Policy Analysis: Insurance mandate Some hunters are careful and some hunt

Question

Public Policy Analysis: Insurance mandate Some hunters are careful and some hunters are careless. The careless hunters are more likely to die in a hunting accident. If they want life insurance that pays their surviving family members 1 million dollars in the event of hunting accident, the life insurance company assumes they are careless and charges them the highest possible premium. Therefore, most careful hunters choose not to buy the insurance. Do a TEE analysis of a government mandate that all hunters must buy the insurance in order to obtain a hunting license.

Explanation / Answer

TEE ANALYSIS (TECHNIQUE EXAMPLE EFFECT ANALYSIS)

A special agency can be given the task for maintaining the track record of hunters for e.g. if any hunter gets hurt in any accident then it should be investigated that how careless was that person.

Providing training to the hunters

TECHNIQUE EXAMPLE EFFECT Mandatory insurance for hunter licence In this scenario insurance is mandatory for obtaining a hunter licence All professional hunters will be forced to get themselves insured. Government will start generating revenues from the premium they will pay for obtaining the insurance. Maintaing the track record of the hunter

A special agency can be given the task for maintaining the track record of hunters for e.g. if any hunter gets hurt in any accident then it should be investigated that how careless was that person.

If the hunter found careless then after giving the partial claim of that accident then premium must be increased for that hunter.

Providing training to the hunters

A special agency can be given the task for giving proper training to the hunter and some money must be charged from the hunter undergoing through this training. Only genuine hunters will enroll themselves for training programme and after getting training hunters will be very careful while hunting. Rejecting licence of the careless hunter If a hunter is found getting hurt many times and after investigation it is found that it was his carelessness due to which accident happened then his hunting licence should be cancelled. More and more hunters will become careful while hunting.

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