An insurance premium is a
A) payment made by an insurance company to a policyholder after the occurrence of an insurable event.
B) payment made by an insurance company to a policyholder following a period in which the policyholder has filed no claims against the company.
C) fee paid by policyholders to insurance companies as payment for coverage.
D) fee paid by policyholders to insurance companies in exchange for special considerations, such as a particularly large policy.
C
You might also like to view...
Relative purchasing power parity occurs when
A) purchasing power parity holds between every two countries. B) purchasing power parity only holds in recessions. C) the nominal exchange rate is constant. D) the real exchange rate is constant.
The tax that generates the most revenue for state and local government is the
a. corporate income tax. b. individual income tax. c. property tax. d. sales tax.