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Which of the following statements about commercial insurance rating is true? Select one: a. The lower the coinsurance percentage requirement the lower the rate, all

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Which of the following statements about commercial insurance rating is true? Select one: a. The lower the coinsurance percentage requirement the lower the rate, all else being equal. b. Class rating is an approach that bases a building property insurance rate on inspection and evaluation of a particular building. O c The term "rate" has the same meaning as the term "premium." d. Given the same rate, doubling the limit of insurance doubles the insurance premium

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