A) Certain Loss
B) Uncertain Loss
C) Claim amount
D) Premium
E) Sum Insured
Correct Answer: D
Solution :
In an insurance contract, one party, the insured, pays a specified amount of money, called a premium, to another party, the insurer. The insurer, in turn, agrees to compensate the insured for specific future losses. The losses covered are listed in the contract, and the contract is called a policy.You need to login to perform this action.
You will be redirected in
3 sec