question 7 what is the maximum payout on an insurance claim called? a premium b deductible c limit d variable

Brief Explanations:

A premium is the amount paid regularly by the insured to the insurer. A deductible is the amount the insured pays out - of - pocket before the insurance company starts paying. A limit is the maximum amount an insurance company will pay out on a claim. A variable is a factor that can change in an insurance context but not related to the maximum payout.

Answer:

C. limit