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Ksju [112]
3 years ago
5

Jan pays $70 each month for her auto insurance policy. This regular payment is called a.

Business
1 answer:
ella [17]3 years ago
8 0
Jan pays $70 each month for her auto insurance policy. This regular payment is called PREMIUM.

Premium is the payment made by the insured party to the insurer. It primary pays the insurer for bearing the risk of payout in the event that the insurance agreement coverage is needed. Premium payment may be monthly, quarterly, semi-annually, or annually.
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