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M0oh0apatrincy
M0oh0apatrincy M0oh0apatrincy
  • 02-05-2016
  • Business
Answered

Jan pays $70 each month for her auto insurance policy. This regular payment is called

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meerkat18
meerkat18 meerkat18
  • 06-05-2016

Jan pays $70 each month for her auto insurance policy. This regular payment is called PREMIUM.

Premium is the payment made by the insured party to the insurer. It primary pays the insurer for bearing the risk of payout in the event that the insurance agreement coverage is needed. Premium payment may be monthly, quarterly, semi-annually, or annually.

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