How does the pricing of an insurance policy for the insurer differ from a bologna manufacturers pricing

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How does the pricing of an insurance policy for the insurer differ from a bologna manufacturer’s pricing its product? Why does the difference in pricing problems require that insurance pricing be subject to regulation?

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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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How does the pricing of an insurance policy for the insurer differ from a bologna manufacturers pricing

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The bologna maker knows the costs of the majority or all of the inputs for his products before he de...View the full answer

Introduction to Risk Management and Insurance

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