Amy's insurance premium has decreased slightly, despite the fact that her level of health has remained the same. Which of the following most likely caused the premium decrease?

Amy's insurance premium has decreased slightly, despite the fact that her level of health has remained the same. Which of the following most likely caused the premium decrease?



a. she has a Steadily Decreasing Premium policy
b. the insurer's customer base is expanding, which allows for lower premiums
c. her insurer used interest earned on premiums to lower premium amounts
d. her increased age allows for lower premiums


Answer: c. her insurer used interest earned on premiums to lower premium amounts

Popular posts from this blog

You are riding in Sarah's car when she fails to yield and causes an accident. Which of the following coverages would NOT pay for your injuries?