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According to Elliot Currie, factors that explain the high crime rate in the United States by world standards include
Premiums
Payments made for insurance coverage, often periodically to maintain the insurance policy.
Beneficiary
An individual or entity chosen to receive benefits or assets from a will, insurance policy, or trust.
Coinsurance
An insurance policy provision under which the insurer and the insured share costs, after the deductible is met, according to a specific formula.
Insured
A person or entity covered by an insurance policy, protecting them against financial loss from specified risks.
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