Which of the Following Is a Correct Statement About Insurance

question 13

Multiple Choice

Which of the following is a correct statement about insurance?

• A)Private sector provides about one-third more personal insurance than the government.
• B)A private insurer can be classified as either a life/health or a property/casualty insurer.
• C)Our society has elected to provide certain levels of death, health, retirement, and unemployment insurance on an involuntary basis through private agencies.
• D)If we desire to supplement the benefit levels of social insurance or to buy property/casualty insurance, government insurers provide the protection.
• E)Most private insurance is purchased involuntarily.