The sum of money paid by a policy-holder to an insurer is referred to as? by Sunday | Dec 15 | Commerce JAMB | 0 comments A. interest B. premium C. gross profit D. sales revenue Correct Answer: Option B – interest Users Also Read These:The sum of money the assurer is prepared to pay the…Mr Ojo paid Noak the sum of N3,000 for a piece of…The capital sum which represents the difference…The sum of N80,000 is deposited in a bank and the…The amount paid by the assured to the insurer is called?