First Premium Receipt
Renewal Premium Receipt
Both A & B
None of the three
Answer is Right!
Answer is Wrong!
The correct answer is: C. Both A & B
A premium receipt is a document that is issued by an insurance company to confirm that a premium has been paid. The receipt will typically include
the name of the insured, the policy number, the amount of the premium, and the date the premium was paid.A first premium receipt is a premium receipt that is issued for the first premium payment on a new insurance policy. A renewal premium receipt is a premium receipt that is issued for a premium payment that is made to renew an existing insurance policy.
Both first premium receipts and renewal premium receipts are considered to be premium receipts.