Question

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.

Answer 1

The correct answer is C

Step-by-step explanation:

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Answer 2

Answer:prices are generally higher for those who have a greater risk of filling a claim

Step-by-step explanation:

C