Motor Vehicle Insurance Falls into Two Categories: Protection for Bodily

question 46

True/False

Motor vehicle insurance falls into two categories: protection for bodily injury and protection for property damage.

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Definitions:

Insurance Programs

Schemes offered by companies or governments to provide financial protection and risk management for individuals, properties, and liabilities.

Informed Consent

A process ensuring individuals are fully educated about what they are agreeing to participate in, mainly regarding research or medical procedures, ensuring voluntariness and awareness of potential risks and benefits.

Opt-In

Opt-in refers to a permission-based practice where individuals choose to receive marketing communications or other information by signing up voluntarily.

Opt-Out

The action taken to withdraw from something, especially a service or agreement, often implying the need for a decision to be actively made by the participant.