Answers General Financial Literacy - Brinkerhoff - 2000 - 202627 InsuranceQuestion 1

1

AssignmentMultiple Choice

Insurance

Question 1 of 3 • General Financial Literacy - Brinkerhoff - 2000 - 2026/27

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

Answer

A

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

B

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

C

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

D

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

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