What is the definition of premium?

2 answers:

5 0

The correct option is this: THE AMOUNT PAID FOR AN INSURANCE POLICY.
Premium refers to the the amount of money that one has to pay for an insurance contract. The premium represents the income of the insurance company concerned. The amount of premium paid for different insurance usually differ depending on a number of different factors, but generally the greater the risks associated with an insurance policy, the higher the premium that will be paid.

musickatia [10]3 years ago

3 0

C.) The amount paid for an insurance policy.

Just took the test on edge nuity.

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