The Consideration in a Contract of Insurance Is Called the Premium

question 6

True/False

The consideration in a contract of insurance is called the premium.

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Definitions:

Human Evolution

The lengthy process of change by which people originated from apelike ancestors, characterized by developments such as bipedalism and larger brains.

Store Calories

The process by which the body converts food intake into energy reserves, primarily in the form of fat, for future use.

Food Abundance

The availability of a large quantity of food resources, which can influence population growth and health.

High-Fat Food

Foods that are rich in fats, often contributing to increased calorie intake and potential health issues when consumed in excess.