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SAMPLE Life, Accident & Health Online Practice Exam Simulator
 
 
Question:
The money paid by the policyowner to the insurance company for insurance protection is called the:
 
Another term for premium is consideration. It is consideration that is one of the four parts that creates a valid contract.
Answer Choices:Select the Correct Answer
Dividend.
Consideration.
Benefit.
Assignment.
 
 
 
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