Competition can be depended on to keep rates from being excessive, and good management will keep them
Question:
“Competition can be depended on to keep rates from being excessive, and good management will keep them from being inadequate; regulation of rates is an infringement on the right of management to make business decisions.”
Do you agree or disagree with this statement?
Why?
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Related Book For 
Fundamentals Of Risk And Insurance
ISBN: 978-1118534007
11th Edition
Authors: Emmett J. Vaughan ,Therese M. Vaughan
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