What is a premium in insurance Quizlet?

An insurance premium is the amount of money that an individual or business must pay for an insurance policy. The insurance premium is income for the insurance company, once it is earned, and also represents a liability in that the insurer must provide coverage for claims being made against the policy.

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What is a premium in insurance Quizlet?

What is a premium in insurance Quizlet?

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What is a premium in insurance Quizlet?

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