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Bibio · 30-09-15, 06:50 PM

in Scotland we have such a thing as 'bond of caution'. by law we have to buy this via an insurance company. there are only two insurance companies that deal with this. royal sun alliance and zurich but only one of them will deal with the public (zurich). due to zurich being the only insurance company that will deal with private individuals and it being law that you need a bond of caution then i would say that its a monopoly. the way i see it if its law that you must have it and there is no competition then the law should be revoked.

to me this is like having only one car insurance company that the public can go to.

30-09-15, 06:50 PM	#5
Bibio Member Mega Poster Join Date: Jul 2008 Location: here as devil's advocate Posts: 11,540	Re: United Kingdom competition law in Scotland we have such a thing as 'bond of caution'. by law we have to buy this via an insurance company. there are only two insurance companies that deal with this. royal sun alliance and zurich but only one of them will deal with the public (zurich). due to zurich being the only insurance company that will deal with private individuals and it being law that you need a bond of caution then i would say that its a monopoly. the way i see it if its law that you must have it and there is no competition then the law should be revoked. to me this is like having only one car insurance company that the public can go to.