An insurance premium is a
A) payment made by an insurance company to a policyholder after the occurrence of an insurable event.
B) payment made by an insurance company to a policyholder following a period in which the policyholder has filed no claims against the company.
C) fee paid by policyholders to insurance companies as payment for coverage.
D) fee paid by policyholders to insurance companies in exchange for special considerations, such as a particularly large policy.
Correct Answer:
Verified
Q59: The portfolios that mutual funds offer to
Q60: Money market mutual funds
A)hold portfolios of stocks.
B)hold
Q61: The law of large numbers allows insurance
Q62: In which of the following have pension
Q63: A defined benefits plan
A)is always fully funded.
B)may
Q65: To deal with difficulties in administering pension
Q66: Vesting refers to
A)the right of the holder
Q67: In a defined contribution pension plan,
A)pension income
Q68: Term life insurance
A)is offered only by mutual
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