What Is the Main Advantage of Group Insurance

question 14

Multiple Choice

What is the main advantage of group insurance?

• A)More people can obtain insurance from a single insurer
• B)Risk is spread out among a large number of insured
• C)More comprehensive services can be covered than under an individual plan
• D)The employer has to deal with only one insurance company

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Definitions:

Public Good

An item or service offered to every person in a society for free, supplied by either governmental bodies or private entities or people, without any intention of making a profit.

William Tweed

A notable political figure in 19th-century New York, leader of the city's Democratic political machine, Tammany Hall, known for his involvement in politics and corruption.

Immigrant Poor

Individuals who have migrated to another country and live in poverty, often due to lack of access to resources and opportunities.