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1. Bonus-Malus Systems a) What are bonus-malus systems? b) Will a bonus-malus system increase the accuracy of insurance pricing? c) If insurance companies use bonus-malus

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1. Bonus-Malus Systems a) What are bonus-malus systems? b) Will a bonus-malus system increase the accuracy of insurance pricing? c) If insurance companies use bonus-malus systems, will this increase the likelihood of people's filing for small claims? Explain

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