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The sum of money paid by a policy-holder to an insurer is referred to as?

The sum of money paid by a policy-holder to an insurer is referred to as?
Take Free Practice Test On 2026 JAMB UTME, Post UTME, WAEC SSCE, GCE, NECO SSCE
  • A Interest
  • B Premium
  • C Gross profit
  • D Sales revenue
Correct Answer: Option B
Explanation:

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