First Premium Receipt
Renewal Premium Receipt
Both A & B
None of the three
Answer is Wrong!
Answer is Right!
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.