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.

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Definitions:

Ingroup Bias

The tendency to favor members of one's own group over those from external groups, often leading to prejudice and discrimination.

Individual Performance

Individual performance is the measure of how well a person accomplishes their tasks or goals in a specific context, such as work or sports.

Group Polarization

A tendency for group discussion to shift group members toward an extreme position.

Extreme Position

Adopting a stance or opinion that is far from the moderate or average view, often without considering compromise.