Question

Jan pays $70 each month for her auto insurance policy. This regular payment is called a : A.) co-pay. B.) deductible. C.) premium. D.) claim

Answer 1

The answer is "C.) premium".

Premium is a sum paid occasionally to the insurer by the insured for covering his risk.  

In an insurance contract, the risk is exchanged from the guaranteed to the back up plan. For going out on a limb, the guarantor charges a sum called the premium. The premium is an element of various factors like age, kind of work, medicinal conditions, and so on. The statisticians are depended with the duty of finding out the right premium of a guaranteed. The premium paying recurrence can be unique. It tends to be paid in month to month, quarterly, semiannually, yearly or in a solitary premium.

Answer 2

I may be wrong but I think its D) claim
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