The demand for payment made by the insured to the insurer following occurence of the event insured against is

  • A consideration
  • B gratification
  • C commission
  • D claim

The correct answer is D. claim

An insurance claim is a formal request by a policyholder to an insurance company for coverageor compensation for a covered loss or policy event. The insurance company validates the claim and, once approved, issues payment to the insured or an approved interested party on behalf of the insured.

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