2023 - 24 brac micro - enterprise credential exam\n44 of 50\na payment made to an insurance company to cover…
2023 - 24 brac micro - enterprise credential exam\n44 of 50\na payment made to an insurance company to cover the costs of an insurance policy is called:\naccount\npremium\ndividend\nequity
Answer
Brief Explanations:
In the context of insurance, a premium is the amount paid by the policy - holder to the insurance company to cover the costs of the insurance policy. An account is a financial record - keeping entity, a dividend is a distribution of a company's earnings to its shareholders, and equity represents ownership interest.
Answer:
B. premium