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Financial advisory
RES5Financial Advisory Services✓Regarding how experience rating affects a fleet's premium, which statement is TRUE?
A good, low-claims record earns a lower rate like a group no-claim benefit, a poor record is loaded, and because individual discounts are replaced by collective experience, one accident affects the whole fleet's rating.
Assuming per-vehicle no-claim discounts survive, or that a poor record is rewarded.
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