________ is a term used to define the payment made by an insured party in exchange for a later payment by an insurer in the event of damage or injury to insured property or person.

Question

Quizplus · Accepted Answer

A)The insured party is the one who makes a payment,called a premium,in
exchange for a later payment in the event of damage or injury to property or person.
B)The insured party is the one who makes a payment,called a premium,in exchange for a later payment in the event of damage or injury to property or person.
C)The insured party is the one who makes a payment,called a premium,in exchange for a later payment in the event of damage or injury to property or person.
D)The insured party is the one who makes a payment,called a premium,in exchange for a later payment in the event of damage or injury to property or person.
E)The insured party is the one who makes a payment,called a premium,in exchange for a later payment in the event of damage or injury to property or person.

________ Is a Term Used to Define the Payment Made