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Which one of the following statements is correct when comparing factors related to new business versus renewal business? Available answer options Select only one option
Which one of the following statements is correct when comparing factors related to new business versus renewal business? Available answer options Select only one option A New business may receive more pricing credits than renewals, leading to higher loss ratios. B New business tends to have lower turnover ratios than renewal business. C Renewal maintenance and policy servicing costs are typically higher than initial acquisition costs. D New business tends to have lower loss ratios than renewal business.
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