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In the context of insurance, what does the term "premium" refer to?

Desolo

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In the context of insurance, what does the term "premium" refer to?

In the context of insurance, what does the term "premium" refer to?
A) the money received from the defaulting party
B) the money paid to the insurance company
C) the money paid to insured after an accidental damage
D) the money paid to insurance brokers as fee

This is for my business law class, anything will help

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Desolo Author

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9 years ago

Life saver, thanks.

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