Law, 21.05.2021 08:00 ChHal3716

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.

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