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A flexible market offering consists of two parts. Identify and describe these two parts.
Regular Premium
The amount that is paid on a regular schedule for an insurance policy, to maintain coverage.
Low-risk Driver
A driver who is considered less likely to file an insurance claim and therefore may qualify for lower insurance premiums.
Insurance Premiums
The amounts paid by individuals or businesses for insurance policies to provide coverage against various risks.
Regular Premium
Regular payments made for insurance policies or investment products, which are typically due monthly, quarterly, or annually.
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