Question

What is a premium?(1 point)
the amount paid after the deductible has been satisfied and until
the out-of-pocket maximum has been reached
the amount paid by the policyholder to the insurer on a regular
basis for the policy
the maximum amount a policy will pay out in any one year
the amount paid by the policyholder before the insurance policy
starts paying on the claim

Answer 1

The correct answer is: **the amount paid by the policyholder to the insurer on a regular basis for the policy.**