The Financial Definition of Insurance

question 3

Multiple Choice

The Financial Definition of insurance:

• A) is that insurance is a contract in which one party agrees to compensate another party for losses covered by the contract
• B) is that insurance is a financial agreement that transfers the risk of insured losses to a risk pool by an insurer
• C) differs from state to state
• D) is that it is any pool for which the insurance mechanism works

---

Definitions:

Psychoanalysis

A method of psychological therapy and analysis developed by Sigmund Freud, which emphasizes unconscious mental processes and childhood experiences as determinants of psychological health.

Freudian Theory

A set of psychoanalytic theories developed by Sigmund Freud that emphasizes unconscious motivations and conflicts as determinants of human behavior.

Modern Psychoanalytic Theory

An evolution of Freudian psychoanalysis that incorporates newer research and concepts, focusing on how early relationships shape the unconscious mind and influence behavior.

Masculine Protest

A concept in Adlerian psychology referring to an individual's attempt to assert their personal power and assertiveness in a world perceived as dominated by masculine values.