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Why do insurance companies charge higher premiums for individuals engaged in risky activities like skydiving or mountain climbing?a)Engaging in such activities reduces the risk of accidents.b)Insurance companies do not charge higher premiums for risky activities.c)Risky activities are considered safe and have no impact on premiums.d)Risky activities increase the likelihood of accidents or injuries.Correct answer is option 'D'. Can you explain this answer? for B Com 2024 is part of B Com preparation. The Question and answers have been prepared according to the B Com exam syllabus. Information about Why do insurance companies charge higher premiums for individuals engaged in risky activities like skydiving or mountain climbing?a)Engaging in such activities reduces the risk of accidents.b)Insurance companies do not charge higher premiums for risky activities.c)Risky activities are considered safe and have no impact on premiums.d)Risky activities increase the likelihood of accidents or injuries.Correct answer is option 'D'. Can you explain this answer? covers all topics & solutions for B Com 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Why do insurance companies charge higher premiums for individuals engaged in risky activities like skydiving or mountain climbing?a)Engaging in such activities reduces the risk of accidents.b)Insurance companies do not charge higher premiums for risky activities.c)Risky activities are considered safe and have no impact on premiums.d)Risky activities increase the likelihood of accidents or injuries.Correct answer is option 'D'. Can you explain this answer?.

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