_____ is the price paid by the insured to sell the risk to the insurer, which must cover the expected payout if a disaster occurs.
A)Insurance interest
B)Insurance coverage
C)Insurance bonus
D)Insurance premium

Question

Quizplus · Accepted Answer

The price paid by the insured to sell the risk to the insurer is called the insurance premium. It is the amount that the insured pays to the insurer to ensure that the insurer will pay out a claim if the insured suffers a loss that is covered by the terms of the insurance policy.

_____ Is the Price Paid by the Insured to Sell