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Which of the following statements is correct? Statement A: All else being equal, policyholders can save the premium by including stricter warranties in a policy.
Which of the following statements is correct? Statement A: All else being equal, policyholders can save the premium by including stricter warranties in a policy. Statement B: If two policies are offered with the same sum insured and at the fair premium, a risk averse policyholder always prefers the one with less strict warranties. Select one: a. None of them b. Statement A only c. Statement B only d. Both statements
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