... insurance company and sets up policies and terms with customers on behalf of the insurance company. English Language Proficiency Tests-Advanced Level's archive Real Life: Insurance Terms ... someone takes out an insurance policy, regular payments called insurance are made on an annual, twice-annual or monthly basis. quantities protection cameras premiums 4.An insurance is a person ... 5.An insurance is money that is paid to a customer who has experienced some kind of loss or injury that is covered under his/her policy. pay-out travel rental 8.When people get car insurance, ...