The Concept of Insurance Is to

question 31

Multiple Choice

The concept of insurance is to

• A) reimburse the insured for financial losses.
• B) insure that a loss-causing event will not occur.
• C) both a and b.
• D) neither a nor b.

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Definitions:

Motor Vehicle

A motor vehicle is a self-propelled transportation machine primarily used for passenger or goods movement on roads.

Vacuum Assisted Closure

A medical treatment that uses suction (negative pressure) to heal wounds by drawing out excess fluids and promoting tissue growth.

E-Coli

Escherichia coli, a type of bacteria that normally lives in the intestines of people and animals; some strains can cause intestinal infection.

Pressure Ulcer

An area of localized damage to skin and underlying tissue, usually as a result of external forces, such as pressure, friction, and shear.