Decrease the rate should increase the business? Explain

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Posted by:
Ahmed kandil
23-March-2015

Business Management Business Organization Insurance

Question added by Imran Khan , Store Keeper/ Procurement , BIC Contracting LLC
Date Posted: 2016/07/28

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by Deleted user

when you decrease the rate of the premium, the amount of coverage is also decreased, so the amount of loss (in case of a claim) is also decreased, this based on the assumption that you are talking from the insurance provider perspective.

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