What does the term “premium” denote in relation to an insurance po – McqOptions

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1.	What does the term “premium” denote in relation to an insurance policy?
A.	rofit earned by the insurer
B.	rice paid by an insured for purchasing the policy
C.	rice paid by an insured for purchasing the policy
D.	xpenses incurred by an insurer on a policy
Answer» C. rice paid by an insured for purchasing the policy

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