Premium is replace the commitment of the insured, a j is the performance, which is committed under the insurance contract performance for the insured versus the last bear liability if the risk insured him.
The premium can be defined as "the amount of money insured shall pay to the insured as opposed to bear the consequences if the risk insured him.
In light of this definition, it is clear that the premium in the insurance contract as the price in the contract of sale and rent in the lease. Because it is a counter financially insurance provided by the insurer to the insured. He who makes the insurance contract from onerous contracts which resulted in the mutual commitments in edema both ends.
التسميات
insurance premium