question 10 of 85\nthe manner and/or frequency that the policyowner pays the policy premium is called\na…

question 10 of 85\nthe manner and/or frequency that the policyowner pays the policy premium is called\na. premium mode.\nb. the grace period.\nc. premium consideration.\nd. premium clause.

question 10 of 85\nthe manner and/or frequency that the policyowner pays the policy premium is called\na. premium mode.\nb. the grace period.\nc. premium consideration.\nd. premium clause.

Answer

Brief Explanations:

The premium mode refers to how often (e.g., monthly, annually) and in what manner (e.g., online, by - check) a policyowner pays the policy premium. The grace period is a period after the premium due date during which the policy remains in force without penalty. Premium consideration is related to the value given in exchange for the insurance coverage. A premium clause is a part of the policy document that details premium - related terms.

Answer:

A. Premium mode