when an insurance company needs to provide a payout, the money is removed from the consumers income. a bank…
when an insurance company needs to provide a payout, the money is removed from the consumers income. a bank loan. a pool of funds. the consumers account.
Answer
Brief Explanations:
Insurance companies collect premiums from many policy - holders and pool these funds. When a payout is needed, the money comes from this pool of funds, not directly from a consumer's income, a bank loan, or a consumer's account.
Answer:
a pool of funds.