Question: A deposit premium can be defined as: a. the initial payments schedule required to institute a premium finance agreement b. a monetary payment awarded by

A deposit premium can be defined as:

a. the initial payments schedule required to institute a premium finance agreement

b. a monetary payment awarded by a court prior to a final judgement

c. the initial premium at the beginning of the policy period

d. a portion of the premium deposited in the bank prior to an installment payment due date

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