Answered

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What is an insurance premium?

Sagot :

GinnyAnswer

Final answer:

An insurance premium is the fee paid by a policy-holder to a health plan to purchase coverage.


Explanation:

An insurance premium is the amount a policy-holder pays to a health plan to purchase coverage. It is a fee paid periodically to maintain insurance benefits. Insurance companies use premiums to cover policyholders' claims, operating expenses, and profits.


Learn more about insurance premium here:

https://brainly.com/question/13724529


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