The payment made periodically in respect of an insurance policy entered into is known as? By: Sunday|Published on: Dec 18|Categories: Commerce JAMB| 0 comments A. bond B. commission C. premium D. surrender value Correct Answer: Option C – premium Users Also Read These:An attachment to an insurance policy that modifies…A country's visible balance of payment is made up of?Payment made to a carrier for transportation of goods isA life policy where the insured cannot make claim…Which of the following agent guarantees payment for…SEE ALSO If a customer pays within nine days of receiving goods and takes advantage of 3% off the invoice price; this is stated as?