Use the drop-down Which statement correctly explains the relationship between risk and premium prices? Prices are calculated according to a person's risk of losing their income. State governments use a person's risk of filing a claim to determine prices. Prices are generally higher for those who have a greater risk of filing a claim. Customers self-assess their risk of filing a claim and then bid on pricesmenus to complete the sentences. The arrangement in which an agency or the government provides money in the event of an emergency in exchange for regular payments is . The amount of money a person pays for an insurance policy is called . If an insured person experiences an event covered by their policy, they are entitled to file