The sum of money paid by a policy-holder to an insurer is referred to as? By: Sunday|Published on: Dec 15|Categories: Commerce JAMB| 0 comments A. interest B. premium C. gross profit D. sales revenue Correct Answer: Option B – interest Users Also Read These:An insurer will recover claims paid wrongly to an…The money paid per hour or week for work done is known as?The precautionary motive for holding money is to…The amount paid by the assured to the insurer is called?A clause that prevents the insurer from paying under…SEE ALSO The conversion of raw materials into finished goods leads to the creation of?