Business Studies, asked by aditya9451, 9 months ago

what is insurance premium account

Answers

Answered by Anonymous

Answer:

An insurance premium is the amount of money an individual or business pays for an insurance policy. ... Once earned, the premium is income for the insurance company. It also represents a liability, as the insurer must provide coverage for claims being made against the policy.......

Answered by Prachimhatre220

Answer:

An insurance premiums is the amount of money an individual or business pays for an insurance policy. Insurance premiums are paid for policies that cover healthcare,auto, home and life insurance.

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