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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Which statement correctly explains the relationship between risk and premium prices?
Prices are cal...
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