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1. The use of deductibles to eliminate insurance reimbursement for frequent small losses makes automobile collision premiums unattractive for the insureds. True False 2. In
1. The use of deductibles to eliminate insurance reimbursement for frequent small losses makes automobile collision premiums unattractive for the insureds.
True
False
2. In the U.S., flooding is covered by the federal government, not by private insurers.
True
False
3. The stated purpose of mutual insurers is to make a profit for stockholders rather than to provide low-cost insurance.
True
False
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