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Business, 16.04.2020 21:40 hello137348474747

Why is the role of regulation in the insurance marketplace so prevalent? Please explain the thought process and applications to the industry. What arguments could be made for continuing regulatory involvement of rates, solvency, contract certainty, etc. as opposed to allowing the industry to rely solely on the market itself?

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Why is the role of regulation in the insurance marketplace so prevalent? Please explain the thought...
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