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The insurance industry is subject to a greater degree of control than are most other industries because Answer the industry has been characterized by fraudulent

The insurance industry is subject to a greater degree of control than are most other industries because Answer the industry has been characterized by fraudulent practices in the past to a greater extent than other industries. there are larger amounts of money involved. insurance is necessary for the functioning of banking. insurance is vested in the public interest. the industry is oligopolistic

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