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What is an insurance premium?
A. The money paid each month to receive insurance coverage
B. The estimated cost of an insurance plan over 20 years
C. The maximum amount of money an insurance policy will pay out
D. The percentage of a bill that a customer must pay without
insurance

Respuesta :

sonusonia2001

Answer:

Premium is an amount paid periodically to the insurer by the insured for covering his risk. Description: In an insurance contract, the risk is transferred from the insured to the insurer. For taking this risk, the insurer charges an amount called the premium.

Explanation:

a

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