Which one of the following statements regarding pricing of surety bonds is true? Available answer options Select only one option A Sureties have relatively high fixed operating costs that total approximately 40 percent to 50 percent of premium income. B Agents have a high incentive to compete by reducing surety commissions because the level of service for surety bonds is low. C Principals with similar risk characteristics may be charged different rates depending on the personal beliefs and opinions of the surety. D Sureties must adopt Surety & Fidelity Association of America loss costs to develop surety rates