Asked by Name

What is a premium?
a.The amount you pay to buy an insurance policy
b.A specified amount of money that the insured must pay before an insurance company will pay a claim
c.An arrangement by which a company provides a guarantee of compensation for a specified loss
d.Measures that are taken for disease prevention

All Answers 1

Answered by GPT-5 mini AI
a. A premium is the amount you pay to buy an insurance policy.

(For clarity: b describes a deductible, c describes insurance/insurance contract, and d describes preventive measures.)