In order to receive insurance benefits, customers make monthly payments called _____.A.liabilitiesB.deductiblesC.compensationD.premiums

Before an insurance company pays for a policyholder's expenses, the policyholder must first contribute a certain amount of money toward those expenses. This is called a _____.A.compensationB.liabilityC.deductibleD.premium

_____ refers to a specified dollar amount of claims paid by the employee each year before insurance benefits begin.Question 10Answera.Coinsuranceb.Benefit cutbackc.Wage concessiond.Deductiblee.Vesting

The amount a policyholder pays towards the repair or replacement of his/her vehicle in the event of damage is called:*1 pointA. The deductibleB. Comprehensive coverageC. The premiumD. Property damage liability

Which of the following is a payment liability?Multiple ChoiceTort claimsRefundsInsurance premiumsReal estate taxesAll the choices are correct

xplain the difference between a premium and a deductible.