Which of the Following Is a Term Used to Define

question 54

Multiple Choice

Which of the following is a term used to define the payment made by an insured party in exchange for a later payment by an insurer in the event of damage or injury to insured property or person?

• A) Tag
• B) Bill
• C) Premium
• D) Assessment
• E) Requirement

---

Definitions:

Professionals

Professionals refer to individuals who possess specialized knowledge, skills, and often certifications in a particular field or occupation, and who adhere to specific ethical standards.

Different Treatment

The act of treating someone or something in a distinct manner from others, which can be based on various factors like age, gender, or race.

Business Insurance

Coverage that provides protection against risks faced by a business, including property damage, liability, and loss of income.

Types of Insurance

Various categories of insurance coverage, including life, health, auto, and property, designed to protect against financial losses.