The name for the contract between the insurance company and the insured.

Name: The name for the contract between the insurance company and the insured.
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Question

Quizplus · Accepted Answer

The contract between the insurance company and the insured is called a policy. The premium is the amount paid by the insured to the insurance company for the coverage, insurance coverage refers to the specific protections provided by the policy, and deposit typically refers to a payment made in advance for services or goods.

The Name for the Contract Between the Insurance Company and the Insured