Which of the following is the best definition of premium? - ProProfs Discuss
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Which of the following is the best definition of premium?



A. The amount the insured pays per unit of coverage
B. Money the insured pays the insurer to obtain the benefits in the policy
C. Money the insurer pays the insured to obtain the benefits in the policy
D. Bonus paid by an agent to convince an insured to buy a policy

This question is part of Life & Health - Practice Exam 6
Asked by Marilyn_difo, Last updated: Dec 31, 2019

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Marilyn_difo

Marilyn_difo

Answered Mar 07, 2018

Money the insured pays the insurer to obtain the benefits in the policy
 

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