The sum of money paid by a policy-holder to an insurer is referred to as?...
COMMERCE
JAMB 2008
The sum of money paid by a policy-holder to an insurer is referred to as?
- A. interest
- B. premium
- C. gross profit
- D. sales revenue
Correct Answer: B. premium
Post an Explanation Or Report an Error
If you see any wrong question or answer, please leave a comment below and we'll take a look. If you doubt why the selected answer is correct or need additional more details? Please drop a comment or Contact us directly. Your email address will not be published. Required fields are marked *