Insurance Answers

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Which statement correctly explains the relationship between risk and premium prices?

Prices are calculated according to a person’s risk of losing their income.

State governments use a person’s risk of filing a claim to determine prices.

Prices are generally higher for those who have a greater risk of filing a claim.

Customers self-assess their risk of filing a claim and then bid on prices.

insurance✔ a premiuma deductible

insurance

a premium

a deductible

insurance✔ a claima premium

insurance

a claim

a premium

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