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Automobile insurance , known in the UK as motor insurance, is probably the most common .... The rating formula is guaranteed in the insurance contract. .... objective of financing risks emanating from their parent group or groups. .... is being charged for a given risk, and there is thus a deficit in the system .
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Most insurance claims are related to repair of automobile parts. Hence, the car insurance group rating system takes into consideration the repairing cost to
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7 Jun 2008 The groups are decided by the Insurance Group Rating Panel. The panel usually meets monthly to recommend an insurance group for each new UK specification passenger car. Standard alarm systems as well as shielded locks provided by How to Make Automobile Insurance From the Web Work For You
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The traditional 1-20 insurance group system has been scrapped in favour of a How a vehicle gets its rating . To determine a vehicle's insurance group the
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