Provide a careful explanation as to why given might be case

Reference no: EM132200871

Question: Regions under a single insurance policy rather than separate policies. The total premium under the combined policy is less than the total cost (sum of the two premiums) for insuring each of the regions separately. Provide a careful explanation as to why this might be the case. Give at least THREE reasons why this would be true.

Reference no: EM132200871

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Provide a careful explanation as to why given might be case : Regions under a single insurance policy rather than separate policies. The total premium under the combined policy is less than the total cost.

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