What Does the Term: Premium , Denote, in Relation to an Insurance Pol – McqOptions

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1.	What Does the Term: Premium , Denote, in Relation to an Insurance Policy?
A.	Profit, Earned by the Insurer.
B.	Price, Paid by an Insured, for Purchasing the Policy.
C.	Margins of an Insurer, on a Policy.
D.	Expenses, incurred by an Insurer, on a Policy.
Answer» C. Margins of an Insurer, on a Policy.

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