What is a premium?(1 point)
Responses
the maximum amount a policy will pay out in any one year
the maximum amount a policy will pay out in any one year
the amount paid by the policyholder to the insurer on a regular basis for the policy
the amount paid by the policyholder to the insurer on a regular basis for the policy
the amount paid after the deductible has been satisfied and until the out-of-pocket maximum has been reached
the amount paid after the deductible has been satisfied and until the out-of-pocket maximum has been reached
the amount paid by the policyholder before the insurance policy starts paying on the claim