In the Context of Insurance, What Does the Term Premium

question 76

Multiple Choice

In the context of insurance, what does the term premium refer to?

• A) the money received from the defaulting party
• B) the money paid to the insurance company
• C) the money paid to insured after an accidental damage
• D) the money paid to insurance brokers as fee

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Definitions:

Health Care

A system involving the diagnosis, treatment, and prevention of disease, illness, injury, and other physical and mental impairments in humans.

Employment

The condition of having paid work or the process of hiring someone for a job.

Homework Assignments

Tasks assigned to students to be completed outside of class time to reinforce learning, practice skills, or prepare for future lessons.

Longer-term Goals

Objectives or targets set to be achieved over an extended period, typically beyond one year.