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:The agreed amount payable to a policy holder when…The money paid per hour or week for work done is known as?The money paid per hour for work done is _______?Money can be simply be referred to as a?The price paid for the purchase of insurance policy is?SEE ALSO The selling of articles from place to place on foot is?