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________ is the total premium that a policy holder pays.

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Question: ________ is the total premium that a policy holder pays.

Options:

  1.  Gross premium
  2.  Avg. premium
  3.  Partial premium
  4.  All of these

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1 Answer

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1. Gross premium

Gross premium is the total premium that a policy holder pays.

More information:

Gross premium is the total amount of the insurance contract paid by the policy owner, and usually consists of a premium before brokerage for insurance or discounts.

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