What is meant by unequal knowledge and bargaining powers? Why do regulators have to protect the purchasers

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What is meant by unequal knowledge and bargaining powers? Why do regulators have to protect the purchasers of homeowners insurance more than purchasers of large commercial insurance policies?

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Introduction to Risk Management and Insurance

ISBN: 978-0131394124

10th edition

Authors: Mark S. Dorfman, David Cather

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Question Posted: Dec 07, 2015 06:13 AM

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What is meant by unequal knowledge and bargaining powers? Why do regulators have to protect the purchasers

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Because insurance contracts are difficult for the layperson to comprehend due to the legal technical...View the full answer

Introduction to Risk Management and Insurance

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