E
eevee
Member
Hi everyone,
The following extract is from Page 10 in chapter 9 of the textbook:
"Other institutions will usually be subject to different regulatory controls from insurance companies, which can lead to a non-level playing field with regard to the terms on which such contracts can be offered. However, this is less of an issue for health and care insurance than for life insurance.
Because most health & care policies are protection policies and policy reserves at all durations are usually small compared to sums at risk."
What are the “different regulatory controls” the text is referring to? And what "non-level playing field" is text implying?
Thanks
The following extract is from Page 10 in chapter 9 of the textbook:
"Other institutions will usually be subject to different regulatory controls from insurance companies, which can lead to a non-level playing field with regard to the terms on which such contracts can be offered. However, this is less of an issue for health and care insurance than for life insurance.
Because most health & care policies are protection policies and policy reserves at all durations are usually small compared to sums at risk."
What are the “different regulatory controls” the text is referring to? And what "non-level playing field" is text implying?
Thanks