Question

what is the term for the amount paid for insurance?
a limit
b premium
c deductible
d protective

Explanation:

In insurance, the amount paid by the policy - holder for insurance coverage is called a premium. A limit refers to the maximum amount an insurer will pay. A deductible is the amount the policy - holder must pay out - of - pocket before the insurer starts paying. "Protective" is not the term for the amount paid for insurance.

Answer:

B. premium