What is a premium?(1 point)

Question

Responses

the amount paid by the policyholder to the insurer on a regular basis for the policy
the amount paid by the policyholder to the insurer on a regular basis for the policy

the amount paid by the policyholder before the insurance policy starts paying on the claim
the amount paid by the policyholder before the insurance policy starts paying on the claim

the amount paid after the deductible has been satisfied and until the out-of-pocket maximum has been reached
the amount paid after the deductible has been satisfied and until the out-of-pocket maximum has been reached

the maximum amount a policy will pay out in any one year

Answer 1

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