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Question 1 Choosing a higher deductible when purchasing insurance coverage is a way to lower the premium by retaining part of the risk. increase premiums

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1

Choosing a higher deductible when purchasing insurance coverage is a way to

lower the premium by retaining part of the risk.

increase premiums and implement a loss prevention program.

lower premiums while transferring the entire risk to the insurer.

increase prermiums and completely transfer the risk.

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