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All of the following are reasons that insurance is regulated, EXCEPT a. insolvent insurers create serious socio-economic problems b. insurance buyers and sellers have unequal

  1. All of the following are reasons that insurance is regulated, EXCEPT

    a.

    insolvent insurers create serious socio-economic problems

    b.

    insurance buyers and sellers have unequal knowledge.

    c.

    insurance prices must be set before costs are known

    d.

    insurance company failures were a significant contributing factor to the Great Depression of the 1930's

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