Actual payments by an insurance company for losses that happen are called:
A. benefits.
B. coverage.
C. premiums.
D. insurable interest.
i think D.
Ariel/Des/whoever --
You're still guessing, no matter which name you use.
The actual payments made by an insurance company for losses that occur are called "benefits." To arrive at this answer, let's break down the options:
A. Benefits: This is the correct answer. Benefits refer to the actual payments made by the insurance company to reimburse policyholders for their covered losses.
B. Coverage: While coverage is a term related to insurance, it does not specifically refer to the actual payments made by the insurance company. Coverage refers to the range of risks or events that are protected or insured against.
C. Premiums: Premiums are the periodic payments that policyholders make to the insurance company to maintain their insurance coverage. They are not the actual payments made by the insurance company for losses.
D. Insurable interest: Insurable interest refers to the financial or other interest that a policyholder has in the insured person or property. It is a prerequisite for obtaining insurance coverage, but it does not specifically refer to the actual payments made by the insurance company.
Therefore, the correct answer is A. benefits.