Actual payments by an insurance company for losses that happen are called:

A. benefits.

B. coverage.

C. premiums.

D. insurable interest
i got B.

I believe coverage is the amount and kind of losses for which the insurance company is liable. I think benefits are those received by the insured when losses occur.

the answer is C ?

The answer is A.

You should have picked A from my response. The premium, C, is what we pay the insurance company, usually each month, to buy the policy.

To confirm the correct answer, we need to understand the definitions of the given options.

A. Benefits: Benefits typically refer to the amount paid by an insurance company to the policyholder or beneficiary when a covered loss occurs. Often, benefits are associated with life insurance or health insurance policies.

B. Coverage: Coverage refers to the scope of protection provided by an insurance policy. It outlines the specific events or circumstances that the insurance company will compensate for.

C. Premiums: Premiums are regular payments made by policyholders to the insurance company to maintain insurance coverage. Policyholders pay premiums in exchange for the promise of coverage and potential benefits.

D. Insurable interest: Insurable interest refers to the financial or other interest an individual has in a person or property being insured. It ensures that the policyholder would incur a financial loss if the insured event were to occur.

Based on the definitions, the correct answer for actual payments made by an insurance company for losses that happen is A. benefits. Therefore, the correct answer is not B (coverage), but A (benefits).